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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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Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Marubeni Corporation - India
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Australian Coal Association
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
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