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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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Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
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 ...
Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
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- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- PTC India Limited - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Planning Commission, India
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
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