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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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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- VISA Power Limited - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Deloitte Consulting - India
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Petron Corporation, Philippines
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