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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles.
Brent crude futures rose 63 cents, or 0.8%, to $84.81 a barrel at 0840 GMT, while U.S. West Texas Intermediate futures gained 68 cents, or 0.9%, to $80.42 a barrel.
Data from China showed consumer inflation in March at its slowest pace since September 2021, suggesting demand weakness persists amid an uneven economic recovery, which spurred expectations Beijing may take steps to boost growth.
“China’s March CPI is lower than expected, which may promote the Chinese government to further stimulate the economy,” said Tina Teng, an analyst at CMC Markets.
Crude futures also climbed as the dollar eased on expectations that the U.S. Federal Reserve is getting closer to ending its rate hike cycle. A weaker greenback makes oil cheaper for those holding other currencies.
“With more central banks pausing rate hikes, such as the Reserve Bank of Australia, Bank of Korea … the expectation for the Fed to further scale back its tightening policy has been strengthened,” Teng added.
Signs of strong March fuel demand in India, the world’s third-biggest oil consumer, also supported prices. Last month, fuel consumption jumped by 5% from a year earlier to a record 4.83 million barrels per day.
Oil futures have climbed more than 5% since the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia surprised the market last week with a new round of production cuts starting in May.
“The voluntary production cuts by some OPEC+ members should tighten the oil market further from May onwards and support oil prices,” said UBS analyst Giovanni Staunovo.
On the U.S. supply front, industry data on U.S. crude stockpiles is due on Tuesday. Five analysts polled by Reuters estimated on average that crude inventories fell by about 1.3 million barrels in the week to April 7.
A U.S. inflation report to be released on Wednesday could help investors gauge the near-term trajectory for interest rates.
Source: Reuters
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Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
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- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
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