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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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Wednesday, 07 December 16
U.S. COAL PRODUCTION IS FORECAST TO INCREASE BY 2% IN 2017 - EIA
U.S. Coal production in November 2016 was 70.7 million short tons (MMst), the third time this year monthly production exceeded 70 MMst, says EIA.
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Wednesday, 07 December 16
IT'S BEEN YET ANOTHER TURBULENT COUPLE OF DAYS..... - GEORGE LAZARIDIS
It’s been yet another turbulent couple of days, with a significant number of news headlines shaking up markets.
On Friday we had & ...
Monday, 05 December 16
INDIAN HYDROPOWER PRODUCTION AT LOWEST LEVEL SINCE 2012, SAYS COMMODORE RESEARCH
According to Commodore Research, the first eleven months of this year have seen India’s overall electricity production total approximately 1. ...
Monday, 05 December 16
THE DECEMBER 2016 HBA HITS TO ITS HIGHEST LEVEL SINCE MAY 2012
COALspot.com: The Indonesia coal benchmark price hits to its highest level since May 2012. The government declared benchmark prices for Indo ...
Monday, 05 December 16
BALTIC PANAMAX INDEX UP 5.98%; BALTIC CAPE INDEX FELL 2.52% W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rally slightly continues this past week and ending on a s ...
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- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Marubeni Corporation - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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