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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, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...
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- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Parliament of New Zealand
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
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