Coal consumption predicted to fall this year The IEEFA predicts a 2% – 4% fall in coal consumption this year, with India being the only major economy likely to increase consumption. China’s predicted decrease in consumption has been attributed to the Chinese government’s promotion of other energy sources. As well as the economic transition from …
Energy & Resources Talking Points 11-11-15
New restrictions on commodities futures trading The Chinese government is tightening control on commodities futures trading. Chinese commodities exchanges have seen rapid growth in recent years for two reasons. Firstly, investors are confident of the long-term demand for natural resources. Secondly and more recently, the Chinese government has implemented new restrictions on stock market trading …
Energy & Resources Talking Points 04-11-2015
Date: Wednesday, 4th November 2015 Chinese Gas Use Climbs 2.5% in First Nine Months (English) Source: News Base, 29 Oct 2015 Chinese gas consumption edged up in the first nine months of 2015, according to data from the NDRC. The country consumed a total of 132.2 billion cubic metres of gas in the period, …
Energy & Resources Talking Points 28-10-2015
Date: Wednesday, 28th October 2015 BHP sees short life for US oil boom (English) Source: Upstream, 27 Oct 2015 Mining giant BHP Billiton expects oil supply from unconventional resources to peak in the next decade, making other high-cost basins more attractive for development. Iron ore softens as buyers hold back (English) Source: PLATTS, …
Energy Talking Points 21-10-2015
Date: Wednesday, 21st October 2015 Sinopec triples proven reserves at Fuling (English) Source: news base, 15 Oct 2015 Recent appraisal work has confirmed an additional 273.8 billion cubic metres of shale gas at a project in Chongqing. This brings the field’s net proven reserves as certified by the up to 380.6 bcm, which the report …
Energy Talking Points 14-10-2015
Date: Wednesday, 14th October 2015 Chinese nuclear power industry see new developing opportunities (Chinese) Source: ifeng.com, 29 Sep 2015 Analysts believe that in the next 10 years, the investment into this industry would be more than 85 billion annually, due to the numerous encouragement policies. According to the thirteenth 5-years-plan, it is expected to reach …
Energy Talking Points 23-09-2015
Date: Wednesday, 23rd September 2015 China still top global spot metallurgical coal buyer (English) Source: platts.com, 15 September 2015 China remained the largest spot buyer and clearing market for met coal, accounting for 75% of the global spot volume of 33.1 million MT, in H1 2015. China’s share of the global premium coal spot trade …
Energy Talking Points 16-09-2015
Date: Wednesday, 16 September 2015 Low oil prices tipped to hurt Australia’s GDP (English) Source: AAP, 14 September 2015 Weaker oil prices are expected to be a double-edged sword for Australia by weakening overall economic growth but providing a boost to household spending. A CBA analyst believes the lower price will shave 0.5% from the …
Energy Talking Points 08-09-2015
Date: Tuesday, September 8th, 2015 Australia’s Woodside makes $8.1 billion bid for PNG-focused Oil Search (English) Source: Agence France Press, 08 September 2015 Australian energy giant Woodside Petroleum has recently made an estimated AUD $11.6 billion bid for Oil Search, in a move to tap into the Papua New Guinea market. Woodside last month reported a …
Energy Talking Points 02-09-2015
Date: 2nd September, 2015 PetroChina’s H1 net profit slumps 63% (English) Source: Shanghai Daily, 28th August 2015 Despite an increase in sales volume, China’s largest oil and gas producer, PetroChina Co, has seen net profit plunge by 63% in the first half of the year as falling oil prices squeeze earnings. As a sign of …