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Wednesday, 23 November 16
MARKET INSIGHT - CHRISTOPHER THOMAS WHITTY
 The Organization of the Petroleum Exporting Countries (OPEC) is due to finalize a reduction in total production at its next scheduled meeting in Vienna on 30th of November. There has been however a lot of skepticism over whether OPEC will actually come to an agreement this time around seeing as a number of prior meetings have already proven to be unfruitful.
The 14-member group wants to limit output to around 32.5 million barrels per day (bpd) , compared with current levels closer to 34 million bpd, in an attempt to revive prices which have decreased ~42 percent over the last two years.
Of course, the main concern here is that the Saudis will have to shoulder the largest share of the cuts if that deal goes ahead and expects from other major oil producers within OPEC to actually commit to strict limitations on output. However, Saudi Arabia appears to once again be confident that a deal can be reached in its next ministerial meeting, which will be held on November 30th.
Non-OPEC producer Russia is supportive of this and several OPEC producers having signaled their willingness to reach a mutually acceptable decision. It looks like Iran is still lukewarm, and Iraq maintains that it should be exempt from a deal because of its fight with Islamic State militants.
There’s now a new consideration for the OPEC producers, which is of course Trump’s victory in the U.S. presidential election. The president-elect has targeted OPEC frequently during his campaign, accusing it of holding the U.S. hostage and threatening to block all imports from OPEC members like Saudi Arabia.
Donald Trump commented in March of this year that his “number-one priority is to dismantle the disastrous deal with Iran” and has threatened during the presidential campaign to rip up the deal Iran reached with international negotiators last year to limit its nuclear program in exchange for sanctions relief. Although Trump is unlikely to significantly change it without European cooperation, his rhetoric could potentially slow investment going into Iran, a large OPEC oil producer.
Dollar-denominated crude oil prices have been under pressure since Trump’s win U.S. crude oil futures fell as much as 4 percent immediately following Trump’s surprise win to a two-month low near $43 a barrel.
In any case however, Trump will probably not be able to make good on his energy in dependence promise anytime soon, if at all. The U.S. produces almost 4.5m barrels a day from shale and a little more of conventional oil. It still imports more than 7m barrels a day. A president’s power to sway the market, especially one as complex and interconnected as oil, is relatively limited.
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
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