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.
|
|
Monday, 06 July 20
INDONESIAN COAL PRICE REFERENCE IN FREE FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 06 July 20
SUPRAMAX: A 58,000-DWT FIXING DELIVERY VIETNAM TRIP VIA INDONESIA RE-DELIVERY WEST INDIA IN THE LOW $4,000S
Capesize
The Capesize market continues to go from strength to strength, as rates reach highs not seen since September last year. The rally is p ...
Thursday, 02 July 20
PRIVATE COAL MINING MAY SEE WEAK INVESTOR SENTIMENT: ICRA - LIVEMINT
The prospects of commercial coal mining in India may be dimmer than initially expected because of the expected shift in India’s energy mix fr ...
Wednesday, 01 July 20
THERMAL COAL OPTIONS TRADING LAUNCHED IN CHINA'S ZHENGZHOU - XINHUA
Thermal coal options started trading on the Zhengzhou Commodity Exchange (ZCE) in central China’s Henan Province Tuesday.
It i ...
Wednesday, 01 July 20
COLOMBIA'S COAL EXPORT VOLUMES HAVE STEADILY DECLINED IN RECENT YEARS - BANCHERO COSTA
Colombia is the world’s fifth largest seaborne exporter of coal, coming after Australia, Indonesia, Russia and the USA.
Export ...
|
|
|
Showing 881 to 885 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Planning Commission, India
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
|
| |
| |
|
