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Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially adding supply and Russian flows recovering by mid-2023, J.P.Morgan analysts said in a note on Friday.
OPEC+, an alliance that includes members of the Organization of Petroleum Exporting Countries (OPEC) and others including Russia, is unlikely to defend the $80 price floor and hence would not need to cut production quotas this year, according to the note.
The group could instead add 400,000 barrels per day (bpd) to supply, it added.
Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday the current OPEC+ deal to cut production targets by 2 million bpd would be locked in until the end of the year.
With Russian output expected to see a full recovery by June and higher price levels preventing the U.S. from repurchasing to add to its strategic petroleum reserves, the supply-demand balance will likely tighten further, J.P.Morgan analysts said.
Global benchmark Brent crude futures were trading around $84 per barrel on Friday, on track for a weekly decline on bets that tighter U.S. monetary policy could crimp demand.
J.P.Morgan also maintained its estimate for top importer China’s oil demand growth of 770,000 bpd.
China is expected to import a record amount of crude in 2023 due to increased demand for fuel, mainly as people travel more following the dismantling of COVID-19 curbs, analysts said.
Source: Reuters
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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
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