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Monday, 20 July 20
OIL PRICE OF $40-43 PER BARREL MORE OR LESS BALANCED - NOVAK | TASS
.png) The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening of the OPEC+ production restrictions, Energy Minister Alexander Novak told reporters.
“No, we do not expect it, because the market is already conscious of it,” he said, answering a question about whether a change in oil prices is expected in connection with the transition of OPEC+ to some growth in production.
Speaking about the price expectations, Novak said that “now [the oil price] has been holding for a month at the level of $40-43, the price is more or less balanced.”
Extra oil supplies
Oil companies will independently make decisions on the supply of additional oil produced in connection with the growth of production under OPEC+, but it is important to ensure the Russian market first, Russian Energy Minister Alexander Novak told reporters.
“Of course, companies make decisions regarding the execution of their contracts, agreements, but it is important for us to provide for the domestic market, it usually grows in summer. We are increasing it by about 400,000 barrels [per day],” Novak said, answering a question about how much oil can go to the domestic market and how much to export, after Russia begins to increase production as part of the weakening of OPEC+ quotas.
Earlier, Novak said that Russian oil companies, as was previously assumed under the OPEC+ deal, would be able to increase production by 400,000 barrels per day in August 2020 in proportion to their production level.
The OPEC+ agreement entered into force on May 1, it assumes a reduction in oil production by the alliance countries by 9.7 mln bpd during May-July. Russia and Saudi Arabia, according to the agreements, will reduce oil production by equal shares – 2.5 mln bpd from the base level of 11 mln bpd. The agreements will be in effect for two years, but from August to December 2020, 7.7 mln bpd will be cut within the framework of the deal, and from January 2021 to the end of April 2022 – 5.8 mln bpd. The deal’s parameters may be revised in December 2021.
In June, Russia completed the OPEC+ deal to reduce oil production by 99%, reducing oil and condensate production by 16.6% to 38.16 mln tonnes. In August, a smooth transition to production recovery will begin, as stipulated in the agreement. At the same time, companies will increase their volumes in proportion to the level of their production.
Source: TASS
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Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to conv ...
Wednesday, 26 August 20
ASIAN COAL PRICES LIKELY TO REMAIN DEPRESSED SAY TRADERS, ANALYSTS - REUTERS
Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher befo ...
Wednesday, 26 August 20
WORLD COAL EXPORTS: INDONESIAN THERMAL COAL EXPORTS HAVE COME UNDER PRESSURE AS THERMAL COAL PRICES WEAKEN - REPORT
Indonesia’s exports to decline sharply from record highs
Indonesia is the world’s largest thermal coal exporter, sellin ...
Wednesday, 26 August 20
JAPAN'S COAL IMPORTS ARE BEING AFFECTED BY COMPETING INFLUENCES - REPORT
Japan is the world’s third largest thermal coal importer, importing an estimated 135 million tonnes of thermal coal in 2019. The country&rsqu ...
Wednesday, 26 August 20
PENDING SOUTH KOREA LEGISLATION COULD FORCE HALT TO COUNTRY’S COAL PLANT EXPORT DEALS - KOREA ECONOMIC DAILY
South Korea’s parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired p ...
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- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Parliament of New Zealand
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
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