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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as newbuilding deliveries increase, BIMCO said in its latest report.
According to Niels Rasmussen, Chief Shipping Analyst of BIMCO, driven by increasing sailing distances product tanker demand is also expected to grow faster than supply in 2024 but slower in 2025 as ships return to normal routings. A tightening supply/demand balance should result in increases in rates and prices in both market in 2024 but could weaken in 2025, especially in the product tanker sector.
Demand
The report further noted that, the IMF estimates that the global economy will grow 3.2% in 2024 and 3.3% in 2025. Growth is slowing in key countries such as the US, China and India. The IEA estimates that crude supply will grow 0.3 mbpd in 2024 and 1.5 mbpd in 2025. Mainly US, Brazil and Guyana will increase supply.
The IEA expects, the report says, an oil demand increase of 1.0 mbpd in both 2024 and 2025. Demand continues to grow mainly in Asia while demand in OECD countries has stagnated.
We have assumed that Red Sea rerouting may last throughout 2024. Longer sailing distances are therefore estimated to drive 100% of 2024 demand increases, Niels Rasmussen, Chief Shipping Analyst of BIMCO says in its report.
Supply
commenting on supply, the report says, the crude tanker fleet is estimated to grow 0.5% in 2024 and 1.2% in 2025 as the order book remains small.
Product tanker fleet growth is expected to be 1.6% in 2024 but increase to 4.8% in 2025 as deliveries of ships contracted in 2023 begin.
predicted weakening of product tanker fundamentals are expected to lower sailing speed in 2025. In 2024, sailing speed will not impact supply growth, the latest report of BIMCO says.
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Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
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Showing 11 to 15 news of total 6871 |
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- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Marubeni Corporation - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Bangladesh Power Developement Board
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- PTC India Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
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