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Thursday, 01 December 16
CHINA 2017 OIL, GAS OUTPUT DROP MAY WORSEN ON CAPEX CUT: FITCH
 China's oil and gas production may shrink even more in 2017 than in 2016 after the country's leading oil companies cut exploration and production capex (E&P) in 2015 and 2016 due to persistently low crude-oil prices, Fitch Ratings says in an Outlook report.
Fitch believes upstream production shrinkage could be steeper in 2017 than our forecast of a 6%-8% fall in 2016. The Big-Three national oil companies - China National Petroleum Corporation , China Petroleum & Chemical Corporation (Sinopec) (A+/Stable) and CNOOC Limited (A+/Stable) - may also revise down their reserves further.
Fitch believes Chinese oil & gas companies' ability to significantly improve free cash flow will be limited in 2017 - despite stabilising oil prices - in light of reinvestment needs aimed at reserve replacements, and at Fitch's assumption of an average oil price of USD45 per barrel in 2017. Falling domestic production can, however, further narrow the gap between the benchmark Brent price and the oil companies' realised oil prices; that gap had widened significantly in 2016, and materially affected their cash generation.
Margins for refining and chemical operations in 2017 are also likely to narrow, especially with oil prices having rebounded slightly since 2H16, though these sectors are likely to be more profitable than E&P for integrated companies, such as Sinopec and CNPC/PetroChina, at the assumed oil-price level.
Oilfield-services companies are likely to see an increase in domestic project volumes in 2017, though rates are unlikely to recover significantly; independents will be further plagued by prolonged receivable turnover.
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Tuesday, 20 December 16
TRADE HAS FELT ITS BUMPS AND SHAKES THIS YEAR - GEORGE LAZARIDIS
Trade has felt its bumps and shakes this year, as growing populist protectionist and nationalist movements in the Western world start to take hold. ...
Tuesday, 20 December 16
TURNAROUND IN CHINESE ECONOMY HAS INTENSIFIED RECENTLY, SAYS COMMODORE RESEARCH
According to the most recent Weekly China Report published by Commodore Research, it has remained encouraging that the turnaround in China’s ...
Monday, 19 December 16
U.S. WEEKLY COAL PRODUCTION DOWN 3.1% PERCENT WEEK ON WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
Monday, 19 December 16
THE FREIGHT MARKET WAS CONTINUING TO SOFTEN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continually decline this past week and ending on a negati ...
Thursday, 15 December 16
SUPRAMAXES ARE ACHIEVING AROUND HIGH USD 7K FOR INDO/CHINA COAL ROUNDS - FEARNLEY
Supramax
Pacific has been relatively quiet this week, with some softening signs.
Supramaxes are achieving around high USD 7k for Indo/China ...
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- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- VISA Power Limited - India
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Cement Manufacturers Association - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
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