We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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
...
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 ...
|
|
|
Showing 861 to 865 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- GMR Energy Limited - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- PTC India Limited - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- White Energy Company Limited
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
|
| |
| |
|
