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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, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
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- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
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