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Monday, 09 March 20
OPEC+ 'NO DEAL' A BLOW TO THE MARKET - WOOD MACKENZIE
 Speaking after today’s OPEC+ meeting broke up, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “Today’s outcome is a psychological blow for the market, as the steep plunge in oil prices shows.
“And the market is now facing the spectre of unrestrained production once the current OPEC+ agreement expires in March.
“However, we do not think Saudi Arabia will push hard to lift their output in the northern hemisphere spring.
“Given weak demand and the likelihood this weakness will persist into the second quarter, it will be hard for any producer to increase their output sharply once the original production deal expires at the end of this month.”
Demand risks
She added: “One factor to bear in mind is that the plunge in demand we saw in Q1 was created by circumstances in China. The country’s coronavirus (Covid-19) containment measures have been far more stringent than those imposed anywhere else, and are not likely to be copied elsewhere.
“The lack of a production deal carries risk. This would become apparent if global economic growth weakens and oil demand continues to contract more sharply than expected thanks to the double whammy of coronavirus containment measures and falling GDP.”
Hittle said: “Our current projection sees global liquids demand fall by 2.7 million b/d year-on-year in the first quarter of 2020, the first year-on-year decline on a quarterly basis since Q2 2009.
“It is the most severe decline since Q4 2008, the height of the 2008-2009 global economic crisis, which saw demand tumble by 2.8 million b/d year-on-year.”
Hittle said: “If the impact the coronavirus has had on global oil demand is sustained, then by the second half of the year we’d expect to see weaker GDP. This will have a far greater impact on oil demand than just temporary reductions in jet fuel and gasoline demand.
“A longer, sustained outbreak of coronavirus threatens to hit oil demand with a double whammy: already weak demand will soften further because of containment measures, and this will weaken GDP.”
What next?
What does this mean for OPEC and OPEC+? It would mean that the group would likely need to monitor economic indicators closely. It may even mean that they could be forced to call an emergency meeting during the second quarter.
She added: “A sustained bout of low oil prices will further reduce cash flow and investment into the US oil patch, causing further hits to Lower 48 production growth later this year. It takes at least six to nine months for reductions in spend to lead to lower oil production in the US Lower 48.
“In that time, their access to capital may be limited and their free cash flow badly hit.
“The only silver lining in a very dark cloud is for refining – the sector will be hit hard by weak demand, but it is at least saved from tightening crude differentials associated with a major cut in OPEC supplies.”
Source: Wood Mackenzie
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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- White Energy Company Limited
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
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