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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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Sunday, 04 December 16
U.S. WEEKLY COAL OUTPUT DECLINED 11.9% W/E 26 NOV; UP 1.4% Y/Y, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.2 million short ton ...
Thursday, 01 December 16
OIL PRICES MAY SEE LITTLE GROWTH BEFORE 2018, FITCH RATINGS SAYS
High inventories and the potential for US shale production to respond quickly to any market tightening mean oil prices may flat line in 2017 before ...
Thursday, 01 December 16
ANOTHER WONDERFUL WEEK FOR PANAMAX - FEARNLEY
Supramax
A slower start to the week in the Pacific compared to last Trips from N. China to S. China is paying in the range of low USD 5k, while I ...
Tuesday, 29 November 16
AUSTRALIA'S PORT OF NEWCASTLE SHIPPED 13.08 MT OF COAL IN OCTOBER; DOWN 10.39% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU1,124.7 Mi ...
Tuesday, 29 November 16
US WEEKLY COAL OUTPUT TOTALS 17.2 MMST, UP 2.8% : EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17.2 million short ton ...
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- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- PowerSource Philippines DevCo
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
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