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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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Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
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- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Economic Council, Georgia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
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