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Thursday, 28 July 16
FITCH RAISES CORPORATE OIL PRICE ASSUMPTION FOR 2016 TO USD42
 Fitch Ratings has raised the 2016 oil price assumptions it uses when rating energy-sector corporates, but expects record high inventories to slow any further price increases.
We assume Brent and WTI will average USD42 a barrel in 2016, up from our USD35/bbl base case in February. The increase follows evidence that the market will come into balance in the second half of 2016, which has already been reflected in a year-to-date average price of USD41/40 for Brent/WTI.
However, we do not believe that the rapid price recovery seen in the first half of 2016 will continue. The sub-USD30 prices at the start of the year approached cash costs for many producers and were unsustainable in all but the very short term. Prices in the USD40-USD50 range allow most producers to break even on a cash basis, if not to cover sunk costs.
We believe that record high inventories - OECD stocks are still more than 10% higher than normal - and market expectations that US shale production will begin to rebound at prices above USD50, will keep prices below that level until a supply deficit has eroded some of the inventory overhang.
We have therefore left our 2017 and 2018 price assumptions unchanged at USD45 and USD55 respectively. Our long-term expectations for both Brent and WTI are unchanged at USD65, reflecting our view on the long-run marginal cost of supply.
Our natural gas expectations have also changed, with price assumptions for US Henry Hub rising and UK National Balancing Point (NBP) falling. In the US, the market has begun to work through the excess inventory build-up associated with last year's El Nino winter. Slower production growth in key shale plays has also helped. For NBP, increased US gas exports have contributed to a medium-term LNG glut, which we expect to put pressure on international spot prices.
Our Henry Hub price assumptions are USD2.35/mcf in 2016, rising to USD2.75 in 2017, USD3.00 in 2018 and USD3.25 in the long term. For NBP we assume a price of USD5.00/mcf for 2016, USD5.50 in 2017, USD6.00 in 2018 and USD6.50 in the long term.
Source: Fitch Ratings
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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 ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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Showing 16 to 20 news of total 6871 |
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- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- The University of Queensland
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
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