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Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it expects supply to outpace global oil demand growth this year.
Growth in world oil demand is set to slow as post-COVID recovery tailwinds abate. Morgan Stanley analysts peg 2024 oil demand growth at 1.2 million barrels per day (bpd), down from 2.2 million bpd in 2023, they said in a note dated Wednesday.
Supply from outside the Organization of the Petroleum Exporting Countries (OPEC) producer group is also expected to decelerate, but less so – still growing by about 1.7 million bpd in 2024, partially driven by the United States as well as Brazil, Guyana and Canada, the analysts said.
“We expect the production cuts (from OPEC) agreed in late Nov 2023 eventually to be extended throughout all of 2024, and do not exclude a further deepening of these cuts”, they said.
“This will likely limit the pace of inventory builds in 2024, but probably not prevent them. In our base-case projections, we still see inventories build modestly by about 0.5 mb/d this year,” they added.
OPEC said on Wednesday cooperation and dialogue within the wider OPEC+ producer alliance would continue, after Angola last month said it would quit OPEC, and that it plans a Feb. 1 meeting to review implementation of its latest oil output cut.
Brent crude was trading around $78.63 a barrel at 0440 GMT on Thursday, while U.S. West Texas Intermediate crude futures CLc1 were at $73.22.
Source: Reuters
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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Planning Commission, India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
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