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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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Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
...
Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
Tuesday, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets
Russia’s invasion of Ukra ...
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- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
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