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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 $84 per barrel on Friday, on track for a weekly decline on bets that tighter U.S. monetary policy could crimp demand.
J.P.Morgan also maintained its estimate for top importer China’s oil demand growth of 770,000 bpd.
China is expected to import a record amount of crude in 2023 due to increased demand for fuel, mainly as people travel more following the dismantling of COVID-19 curbs, analysts said.
Source: Reuters
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Wednesday, 06 July 22
MARKET INSIGHT - INTERMODAL
Following the 3rd Decarbonizing Shipping Forum, held in Hamburg on June 2022, there has been a meaningful resurgence of discussions within the ship ...
Tuesday, 05 July 22
WHY ARE VLSFO PRICES SO HIGH, ESPECIALLY IN SINGAPORE? - STEVE CHRISTY, INTEGR8 FUELS
Tightness in products still trumps talks of recession
Last month we wrote about the fears of recession versus the tightness in product markets ...
Tuesday, 05 July 22
ADANI ENTERPRISES LOWEST BIDDER IN COAL INDIA'S IMPORT TENDER: REPORT - BUSINESS STANDARD
Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report ...
Tuesday, 05 July 22
CHINA POLICY KEY FOR IRON ORE OUTLOOK - ING
China’s covid lockdowns and recessionary risks hit iron ore
Iron ore prices have fallen significantly from their year-to-date high of US$ ...
Monday, 04 July 22
INDONESIAN COAL PRICE REFERENCE SLIGHTLY DOWN IN JULY
COALspot.com: Indonesian Coal Price Reference for July delivery drops 1.52 per cent month on month.
The Indonesian Coal Price Refere ...
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- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
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