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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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Tuesday, 18 August 20
BLACKBALLED: WILL COAL BOUNCE BACK FROM SLUMP OR IS IT TERMINAL? - SYDNEY MORNING HERALD
Even by the standards of this miserable year, 2020 has been a shocker for the global coal industry.
As the lockdown kicked in demand ...
Friday, 14 August 20
EIA: COAL PLANTS UNECONOMICAL IN MOST REGIONS - IEEFA
U.S. coal power generation plunged by 30 percent in the first half of 2020 off an already-depressed base, shoved out by natural gas and renewables ...
Thursday, 13 August 20
INDIA SHOULD RECORD A SLIGHT DECREASE IN THERMAL COAL IMPORTS, REACHING A VOLUME OF 167 MILLION TONS BY THE END OF 2020 - ASSOCARBONI
Regarding 2020 thermal coal imports forecasts, Vietnam’s coal imports showed a very strong growth in the first half of 2020 and it is believe ...
Thursday, 13 August 20
INDONESIA REMAINS THE LARGEST EXPORTER OF COAL IN THE WORLD - ASSOCARBONI
According to the last Assocarboni data for 2019, Indonesia remains the largest exporter in the world. Thermal coal exports have in fact reached 456 ...
Wednesday, 12 August 20
VIETNAM WAS THE PROTAGONIST OF A SIGNIFICANT INCREASE IN COAL IMPORTS IN 2019 - ASSOCARBONI
The latest Assocarboni data for 2019 also provide a detailed picture on the trend of the global coal import.
According to Assocarbon ...
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- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
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