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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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Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...
Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...
Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...
Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that i ...
Thursday, 13 October 22
OPEC DOWNGRADES CRUDE OIL DEMAND, AS WORLD ECONOMY ENTERS SLOWDOWN
Crude Oil Price Movements
The OPEC Reference Basket (ORB) declined m-o-m by $6.58 in September, or 6.5%, to average $95.32/b. Pressure from equ ...
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- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
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