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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, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
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- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
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