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Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it expects supply to outpace global oil demand growth this year.
Growth in world oil demand is set to slow as post-COVID recovery tailwinds abate. Morgan Stanley analysts peg 2024 oil demand growth at 1.2 million barrels per day (bpd), down from 2.2 million bpd in 2023, they said in a note dated Wednesday.
Supply from outside the Organization of the Petroleum Exporting Countries (OPEC) producer group is also expected to decelerate, but less so – still growing by about 1.7 million bpd in 2024, partially driven by the United States as well as Brazil, Guyana and Canada, the analysts said.
“We expect the production cuts (from OPEC) agreed in late Nov 2023 eventually to be extended throughout all of 2024, and do not exclude a further deepening of these cuts”, they said.
“This will likely limit the pace of inventory builds in 2024, but probably not prevent them. In our base-case projections, we still see inventories build modestly by about 0.5 mb/d this year,” they added.
OPEC said on Wednesday cooperation and dialogue within the wider OPEC+ producer alliance would continue, after Angola last month said it would quit OPEC, and that it plans a Feb. 1 meeting to review implementation of its latest oil output cut.
Brent crude was trading around $78.63 a barrel at 0440 GMT on Thursday, while U.S. West Texas Intermediate crude futures CLc1 were at $73.22.
Source: Reuters
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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Showing 46 to 50 news of total 6871 |
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- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Australian Coal Association
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- White Energy Company Limited
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
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