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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, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- The University of Queensland
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
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