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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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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Australian Coal Association
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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