Jan 18, 2015 | Commodities
Ketapang Block, located offshore Madura Island, East Java, is one of oil and gas blocks operated by Malaysian company Petronas in Indonesia, which will start to produce oil and gas this year. How 20% shares in the block ended up in the hands of state-owned company PT...
Jan 16, 2015 | Commodities
The Government of Indonesia has set the coal reference price (HBA) for January 2015 at US$63.84 per ton, down slightly by 1.3% from December 2014, but represented a 22% fall from January 2014. The HBA applies to coal with calorific value (CV) 6322 Kcal/Kg GAR, total...
Jan 16, 2015 | Commodities
Business process of major exporters of commodities (palm oil, coal, oil & gas, and minerals) might be significantly affected by implementation of mandatory letter of credit (L/C) in April 2015. This policy, however, might help Tax Office in curbing transfer...
Jan 15, 2015 | Commodities
Volatility remains very high in coal sector. Bumi Resources, the largest coal producer in Indonesia, regained 10.8% today after losing the same percentage on Wednesday. Adaro Energy, second largest producer, lost 1%, while Indo Tambangraya gained 1.34%. Elsewhere in...
Jan 14, 2015 | Commodities
UK-based Premier Oil Plc produced 14,400 barrels of oil equivalent per day in Indonesia last year, an increase of 5.1% from 2013. Salamander Energy Ltd, another UK-listed company, meanwhile, is getting closer to operate Kerendan Gas Processing Facility. PREMIER OIL:...
Jan 13, 2015 | Commodities
Nevada-based company Vanguard Mining Corporation has engaged PT Yudha Bhakti Menggala, an Indonesian logistic company, as an exclusive partner for logistics and sea transportation to handle shipment of construction sand, reclamation sand, and other construction...
Jan 13, 2015 | Commodities
So, Nymex crude oil fell 5% to its new low at US$45.76 per barrel, reportedly on supply issue. It dragged down other commodities. Copper fell to US$2.76 per pound, while soybean oil retreated. Shares of oil and gas giants like ExxonMobil and Chevron also lost ground. ...
Jan 12, 2015 | Commodities
metal.com reported last November that Zhenshi Group of China had started importing ferronickel from its Indonesian plant in the second half of 2014. That fast? metal.com said the Zhejiang-based company imported a total of 2,761.42 tonnes of ferronickel during the...
Jan 9, 2015 | Commodities
Unlike crude oil, crude palm oil (CPO) gained significantly in the past few trading days on higher prices of soybean oil and lower output of CPO last month in Indonesia and Malaysia. The benchmark March 2015 contracts of CPO gained significantly by RM39 to RM2369 per...
Jan 7, 2015 | Commodities
Crude oil price now falls to US$47 per barrel Tuesday on supply concern. Member countries of Organization of Petroleum Exporting Countries (OPEC) opt not to cut their oil productions, to compete the growing oil supply from United States. Indonesian crude oil price...
