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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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Friday, 07 October 16
CEYLON SHIPPING CORPORATION HAS TAKEN DELIVERY OF COAL CARRIER MV.CEYLON PRINCESS
Sri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal to pow ...
Friday, 07 October 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 540.5 MMST; DOWN 21.9% Y-O-Y, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.7 million short ton ...
Thursday, 06 October 16
SHIPS IN PACIFIC ACHIEVE JUST ABOVE $10K DAILY FOR A BRAZIL ROUND VOYAGE - FEARNLEYS
Supramax
Slower week with limited activity due to holidays in the East. Mixed feelings within different markets, with slight downturn in Pacific ...
Wednesday, 05 October 16
OPEC TO SHUT OFF MORE THAN 6 PERCENT OF ITS PRODUCTION; MIXED FEELING AMONGST TRADERS - ALLIED
OPEC recent accord to shut off more than 6 percent of its production this past week has been met with mixed feeling amongst traders. As we mo ...
Wednesday, 05 October 16
SHIPPING MARKET INSIGHT
On September 27th the OPEC petroleum and energy ministers arrived in Algeria to attend the International Energy Forum, which brought together produ ...
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- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
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