Jan 6, 2015 | Commodities
Shares of plantation companies and futures contracts of crude palm oil (CPO) might continue to be negatively affected by falling crude oil and economic slowdown in Europe. Nymex crude oil fell further to US$50 per barrel in New York few hours ago. Companies in this...
Dec 23, 2014 | Commodities
Falling crude oil triggered some changes in oil and gas industry, including farm-ins and outs of production sharing contracts in Indonesia. On Monday, New Zealand Oil & Gas Limited (NZOG) informed market participants of its acquisition of 19.99% shares in Cue...
Dec 22, 2014 | Commodities
Companies with plantation operations in West Papua and Papua provinces of Indonesia might have to learn from miseries of Noble Group Limited there. Local media in Papua reported that Mimika Regent has closed down operations of PT Pusaka Agro Lestari (PAL), a...
Dec 22, 2014 | Commodities
Heavy equipment supplier, mining contractor and coal producer United Tractors (UNTR) has just released operational data for January-November 2014. Pretty much as predicted, UNTR suffered significant fall in sales of construction machinery in October and November,...
Dec 18, 2014 | Commodities
State-owned oil and gas company Pertamina has aggressively raised US$8.75 billion of Notes from financial market since 2011 to finance overseas acquisitions. One of the biggest acquisitions ever made by Pertamina is the purchase of 30% interest of Malaysian oil and...
Dec 18, 2014 | Commodities
Falling CPO prices dragged down Golden Agri Resources (GAR) Ltd, a company controlled by Sinarmas Group, to its historical low on Singapore Exchange Wednesday. The Company, which had total liabilities of US$5.6 billion currently has market cap of S$5.46 billion only,...
Dec 17, 2014 | Commodities
Stocks of energy producers regained grounds worldwide Tuesday and this morning as WTI crude oil returned to above US$55 per barrel. Indonesian government’s decision to approve higher coal production for the sake of State revenues next year, however, might delay...
Dec 17, 2014 | Commodities
Weakening of soybean oil and crude oil might continue to drag down crude palm oil (CPO), which dropped around 2.5% Tuesday in the futures market. Lower output reported by Malaysian and Indonesian planters, however, might cap deeper corrections. Soybean oil retreated...
Dec 16, 2014 | Commodities
Olam International Limited has launched worldwide acquisition of cocoa business of Archer Daniesl Midland Company (ADM) for US$1.3 billion on a cash and debt free basis. The assets acquired include 8 processing facilities with 600,000 tons per annum capacity....
Dec 11, 2014 | Commodities
Shares of Peabody Energy Corp, the world’s largest coal producer in private sector, collapsed 10.5% in New York last night, dragged down by falling crude oil, which touched US$60 per barrel. Arch Coal also fell 5.21%, while BHP Billiton followed with a further...
