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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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- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- The University of Queensland
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
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