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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, 22 December 22
CHINA TIGHTENS VERIFICATION OF SHIPS’ ENERGY CONSUMPTION DATA - GARD
From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in accordance with the requirements of their Ship E ...
Thursday, 22 December 22
AN OVERVIEW OF THE LNG MARKET - VESSELSVALUE
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, ...
Thursday, 22 December 22
COKING COAL SLUMPS AS TALKS ON AUSTRALIA-CHINA TRADE RIFT LOOM - REUTERS
Chinese coking coal futures dropped more than 3 per cent on Tuesday (Dec 20), extending losses, as supply of the steelmaking input might increase i ...
Thursday, 22 December 22
COAL AND GAS PRICE CAPS MAY COMPOUND POLITICAL RISK FOR AUSTRALIAN CORPORATES - FITCH RATINGS
Australia’s introduction of temporary price caps on domestic sales of gas and coal used for electricity generation will probably have limited ...
Monday, 19 December 22
ENERGY CRISIS FUELS COAL COMEBACK IN GERMANY - REUTERS
Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it through an energy crisis.
...
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- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
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