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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, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
Saturday, 11 September 21
CIL STEPS UP SUPPLY COAL TO POWER SECTOR; PER-DAY AVERAGE 20 PC HIGHER THAN LAST YEAR - PTI
State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an avera ...
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- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Australian Coal Association
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- GMR Energy Limited - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
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