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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, 05 October 22
BUNKER PRICES DOWN AGAIN; IS THERE MORE TO COME? - INTEGR8 FUELS
It’s the economy…..”
VLSFO prices are now back to levels at the start of this year. After all the extremes of thi ...
Wednesday, 05 October 22
MARKET INSIGHT - INTERMODAL
Amid the looming western sanctions on Russia, the country is challenged to pivot its energy markets away from Europe and toward the East. Yet, Russ ...
Tuesday, 04 October 22
A REMARKABLE SHIFT IN FORTUNES HAS BEEN NOTED IN THE CRUDE OIL TANKER MARKETS - ALLIED SHIPPING
A remarkable shift in fortunes has been noted in the crude oil tanker markets over the past month, yet despite these shifts being seemingly in thei ...
Tuesday, 04 October 22
OIL PRICES COULD SOON RETURN TO $100 AS OPEC+ CONSIDERS ‘HISTORIC’ CUT, ANALYSTS SAY - CNBC
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start ...
Tuesday, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
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- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- PTC India Limited - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Deloitte Consulting - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
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