Feb 10, 2015 | Commodities, Market, Reviews
Talking about oil and gas might not be interesting for those believe in Citigroup’s recent prediction that crude oil may fall to as low as US$20 per barrel. Even at the current price, US$52.86 per barrel, most oil and gas giants have shed their capital...
Feb 9, 2015 | Commodities, Market, Reviews
Palm oil and wood processing company PT Dharma Satya Nusantara (DSNG) Tbk has decided to place out up to 168 million new shares at Rp4055 per share to new investor. DSNG plans to use proceeds, estimated at Rp681 billion, to finance capital expenditures. Prospect? DSNG...
Feb 9, 2015 | Commodities, Market
PT Pesona Khatulistiwa Nusantara (PKN) plans to boost its output to 6 million tons this year. PT Jambi Prima Coal, subsidiary of Renuka Coal, also plans to lift its production to 5 million tons next year. These are among players refuse to give up coal sector, despite...
Feb 6, 2015 | Commodities
Peabody Energy Ltd, the world’s largest coal producer in private sector, advanced 5.5% in New York Wednesday as WTI crude oil surged by 5.1% to US$50.92 per barrel on Nymex. Further rally in crude might continue to trigger speculations in mining stocks. Freeport...
Feb 4, 2015 | Commodities
Crude oil has rallied almost 20% in the past four trading days including yesterday’s 7% gain. This has lifted other commodities, including corn, soymeal, and soybean oil. Shares of commodities, including coal, producers also gained significantly worldwide. The...
Feb 3, 2015 | Commodities, Reviews
The Upstream Oil and Gas Regulatory Body (SKKMigas) has just introduced new measures to speed up investments in both exploration and production of oil and gas. These measures could reduce Indonesia’s deficit in oil and gas, which expanded 3.9% to US$13.13...
Feb 2, 2015 | Commodities, Reviews
Offshore Mahakam, popular as Mahakam Block, is probably the most interesting block to watch because of its political magnitude. Two weeks ago, delegation from East Kalimantan province met energy & mineral resources minister Sudirman Said about the so-called ten...
Feb 2, 2015 | Commodities
Sudden hike by 8% of crude oil Friday (Jan 30) might affect other commodities, including palm oil, this week, even though some continue to warn that fundamentals yet to support a longer rally. Crude oil rally lifted soybean oil by 1.6% Friday, while crude palm oil...
Jan 30, 2015 | Commodities
Unlike crude oil and other commodities, gold gained slightly to US$1260 per ounce Thursday. It is below average realized price of gold in third quarter of 2014, but significantly better than fourth quarter (US$1203/Oz). Companies with operations in Indonesia in this...
Jan 29, 2015 | Commodities
Shares of oil & gas companies were mostly under pressure all over the world Thursday (Jan 29) as Nymex crude oil declined further to US$44 per barrel. More companies responded with significant cut in capital expenditures this year, including in their Indonesian...
