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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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Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
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- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- The University of Queensland
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Planning Commission, India
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
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