Indonesian reference coal price in June fell again to US$52.98 per metric ton (MT) compared to $61.11 last month. The lack of economic movement makes the coal demand market also experience a decline, especially from India and China, said the Ministry of Energy and...

Thermal coal, key export commodity for Indonesia, has only gained 11.7% from its recent bottom, but shares of coal producers have increased significantly in recent weeks. Adaro Energy (ADRO), the second largest coal group, for example, has jumped 91% from its bottom. Indika Energy (INDY) also gained 93.7% on expectation of improvements in global energy market.

Global coal demand faces the biggest annual drop since the second world war due to the economic correction amid the COVID-19 pandemic. In Europe, the coal-fired power plants are not the choice in the presence of cheaper natural gas prices and the campaign of renewable energy utilization.

For the first time on Monday (Apr 20) we saw an advertisement from Cantera Partners LLC, a company based in Nebraska, USA, at Bisnis Indonesia, the largest business paper in the country. Cantera basically Indonesian buyers to bid for 33,700 tons of soybean meal (US Origin). This is interesting amidst concerns from China about global food supply chain, which has been severely hit by the Covid-19 pandemic.

The COVID-19 pandemic has good news and bad news for PT Pertamina. The State-Owned Giant had to import 700,000 bopd of crude at US$60 per barrel, but now it can do so at US$30 barrel. The bad news is that several of its big projects may extend beyond the completion deadline. 

Dear President Joko Widodo and Finance minister Sri Mulyani Indrawati. We know that you’re probably overwhelmed with efforts to handle Covid-19 pandemic. We know that some coal miners, including Bumi Resources (BUMI) and Adaro Energy (ADRO) have also ‘contributed’ some money/medical supplies. Still, we use this opportunity to remind your staffs at the tax office, who can still examine compliance of companies from home, to take a deeper look into financial statements of the companies.

The coronavirus disease (COVID-19) continues to spread in Indonesia. So much so that it has paralyzed many sectors. The Oil and Gas sector has also been affected, with investments planned for the upstream side delayed. Also delayed is the deliberation of the amendment...

The global coal market rose 0.9% to US$69.68 per ton on Thursday (March 26) but fell 21.97% on a yearly basis, still under pressure from the effects of the novel coronavirus epidemic, which has clouded the outlook for coal demand. Prices are expected to remain vulnerable as more and more countries try to move to more environmentally friendly energy.

Brent crude oil recovered only 0.55% to US$32,8 per barrel in Asian trading this morning, while WTI inched up 0,65% to US$31.2 per barrel. Coronavirus pandemic, which hurts worldwide demand, and conflict between Russia and OPEC members (especially Saudi Arabia,...