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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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- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Australian Coal Association
- SMC Global Power, Philippines
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
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