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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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Friday, 24 July 20
IPA: THERMAL COAL IMPORTS AT MAJOR PORTS DECLINE 35 PC TO 17.71 MT IN APR TO JUNE - ECONOMIC TIMES
These ports had handled 27.13 MT of thermal coal and 14.95 MT of coking coal in the April-June period of the previous financial year
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Thursday, 23 July 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 1.36 MILLION TONS OF BITUMINOUS COAL FOR OCTOBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 1,360,00 ...
Wednesday, 22 July 20
CIL'S COAL SUPPLY TO POWER SECTOR DROPS OVER 21% TO 93.5 MT IN APR-JUN QUARTER - PTI
The supply of coal by state-owned Coal India Ltd to the power sector fell 21.7 percent to 93.5 million tonnes (MT) in the first quarter of the ongo ...
Monday, 20 July 20
KOREA MIDLAND POWER INVITED BIDS FOR TOTAL 2.520 MILLION MT OF BITUMINOUS COAL FOR THREE YEARS
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO), has issued an international tender for total 840,000 of Bituminous Coal to be used at Bo ...
Monday, 20 July 20
CHINA'S JUNE COAL OUTPUT FALLS 1.2% YEAR-ON-YEAR OVER ILLEGAL MINING CHECKS - REUTERS
China’s coal output dropped 1.2% in June on the year to 330 million tonnes, official data showed, as major coal mining areas cracked down on ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Economic Council, Georgia
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
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