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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, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
Monday, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
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Showing 2306 to 2310 news of total 6871 |
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- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
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