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