South-East Asia




Energy Markets

Stocks increase, United States dollar drops after Trump rejects tariff policy pullback

Global stocks rose while the U.S. dollar index dropped on Monday after Presidentelect Donald Trump rejected a newspaper report that his inbound administration would likely pursue a lessaggressive tariff policy than he previously threatened. European stocks and currencies climbed up following a. Washington Post report previously on Monday that Trump assistants were. exploring tariff strategies that would be applied to every country. however just cover certain sectors considered important to nationwide or. financial security. That would mark a substantial shift from. Trump's project promise for more comprehensive tariffs. Trump called the story incorrect and just another example of. Fake News...





Energy Markets

Fossil Fuels

Fossil Fuels

India's Adani group to exit consumer goods joint venture with Singapore's Wilmar in $2 bln offer

India's Adani group is leaving its durable goods joint endeavor with Singapore's Wilmar International in a $2. billion offer as it aims to bolster its facilities service. The divestment marks the Indian conglomerate's very first. significant deal considering that the U.S. indictment of its billionaire. creator in November and will see Wilmar acquire the group's 31%. stake in Adani Wilmar at a per-share price not. surpassing 305 rupees. The cost is a 7.2% discount to Adani Wilmar since. Monday's close and values the part being sold to Wilmar at. $ 1.44 billion. Adani will sell its remaining 13% stake in...

Fossil Fuels

Shell closes down oil processing system to investigate leakage, Singapore's port authority states

Shell has closed down an oil processing unit at its Pulau Bukom facility to investigate a. presumed leak, Singapore's Maritime and Port Authority (MPA). and National Environment Company (NEA) said on Friday. The oil business approximates that a few tonnes of refined oil. items, along with cooling water discharge used in the. refining procedure, have dripped. Pulau Bukom, site of Singapore's first refinery, now. houses Shell's only energy and chemicals park in Asia, according. to the business's site. Shell confirmed in an emailed statement to Reuters that. oil sheens were spotted along with a wharf on Dec. 26, 2024 at....

Fossil Fuels

BPCL plans $11 bln refinery proj in South India

India's Bharat Petroleum Corp plans to invest $11 billion in southern Andhra Pradesh state for a brand-new refinery and petrochemical job to fulfill rising fuel demand on the planet's fastestgrowing major economy, its chairman said. India wishes to become a major refining hub providing fuel to the worldwide markets as Western business are cutting crude processing capacities in favour of energy shift. We feel there is a big opportunity in refining sector. India's primary energy demand itself is likewise going to increase 3 to four times as its economy broadens, G. Krishnakumar informed Reuters in an interview. India aspires to...

Refined Products

BPCL plans $11 bln refinery proj in South India

India's Bharat Petroleum Corp plans to invest $11 billion in southern Andhra Pradesh state for a new refinery and petrochemical project to fulfill increasing fuel need in the world's fastestgrowing major economy, its chairman said. India wishes to become a significant refining hub providing fuel to the global markets as Western business are cutting crude processing capacities in favour of energy shift. We feel there is a huge opportunity in refining sector. India's main energy need itself is likewise going to increase 3 to four times as its economy broadens, G. Krishnakumar informed Reuters in an interview. India aspires to...

Coal

China's coal imports from Australia increase to greatest level because April 2020

China's coal imports from Australia rose to their greatest in more than 4 years in November, custom-mades information revealed on Friday, as deliveries continue to recuperate from an unofficial ban on Australian coal that was lifted in January 2023. Australian coal imports were 9.3 million metric heaps in November, according to the General Administration of Customs, the highest because April 2020 and up 47% from the exact same month of 2023. Year to date, at 74.15 million tons, 2024 coal imports from Australia have actually currently exceeded last year's 52.47 million lots and are on track to top the 77.51...

Coal

Indonesian arm of Malaysia's Mr DIY gets on market launching

The Indonesian arm of Malaysiabased home improvement merchant Mr do it yourself Group got rid of a wobbly start to rise on its stock market debut on Thursday. The listing came versus the backdrop of broad weak point in Asian stocks after the U.S. Federal Reserve cautioned it would ease the rate of rate cuts in the coming year. Bond yields increased and the dollar was set down near a two-year high up on Thursday. Shares of Daya Intiguna Yasa, the sibling business of Mr do it yourself, opened at 1,550 rupiah, 6% lower than its preliminary public offering price...

Oil & Gas

Commonwealth prepares world's first grid-scale fusion power plant in Virginia

Commonwealth Fusion Systems, a private company spun off from the Massachusetts Institute of Technology, prepares what it calls the world's first gridscale combination power plant in Virginia, to generate power by the early 2030s, the company stated on Tuesday. The project, if successful, might revolutionize the worldwide energy market by tapping into an essentially endless power source, similar to that which fuels the stars. But it is a long-shot. CFS does not have regional and federal licenses, investors to money the majority of the plant's construction, and the answer to blend's leading technological question: how to get more energy out...

Fossil Fuels

British Organization - Dec 13

The following are the leading stories on the business pages of British newspapers. Reuters has not validated these stories and does not attest their accuracy. The Times - Sanjay Shah, a British hedge fund trader, has actually been sentenced to 12 years in jail by a court in Denmark after being found guilty of defrauding the state of 1 billion pounds ($ 1.27 billion) in a tax fraud. - Banknote maker De La Rue said it is in talks with Disruptive Capital GP and Pension SuperFund Capital for a sale of approximately 40% of its equity that would value the...

Oil & Gas Refining

Exxon weighs sale of Singapore fuel stations for $1 bln, Bloomberg News reports

U.S. oil significant Exxon Mobil Corp. is weighing a sale of its petrol stations in Singapore,. an offer that could raise about $1 billion, Bloomberg News. reported on Tuesday, mentioning sources. Exxon runs 59 fuel stations in Singapore under its. Esso brand, according to Esso's website. A sale would enable Exxon to raise money to deploy in other. areas of higher growth capacity, the report said, including that. gamers in the energy industry and mutual fund had actually revealed. initial interest in the disposal. Exxon declined to comment on the report. The company has actually been running in Singapore for...

Renewable Energy Equipment

United States sets tariffs for photovoltaic panels from Southeast Asian countries

U.S. trade officials on Friday announced a brand-new round of tariffs on solar panel imports from 4 Southeast Asian nations after American manufacturers grumbled that business there are flooding the marketplace with unjustly low-cost products. It is the second of 2 initial decisions that President Joe Biden's Commerce Department is making this year in a trade case brought by Korea's Hanwha Qcells, Arizonabased First Solar Inc and several smaller producers seeking to protect billions of dollars in financial investments in U.S. solar manufacturing. This is the latest chapter in a more than decadelong trade war with Chinese companies over their...

Environment

US to select another round of photovoltaic panel tariffs

U.S. trade authorities are expected to announce on Friday a brand-new round of tariffs on photovoltaic panel imports from 4 Southeast Asian nations after American makers complained that companies there are flooding the market with unjustly low-cost goods. It is the second of two initial decisions that President Joe Biden's Commerce Department is making this year in a trade case brought by Korea's Hanwha Qcells, Arizonabased First Solar Inc and numerous smaller manufacturers seeking to safeguard billions of dollars in financial investments in U.S. solar manufacturing. This is the most recent chapter in a more than decadelong trade war with...

Fossil Fuels

OPEC not likely to raise production simply put term, commodity trading employers state

OPEC is unlikely to loosen up voluntary production cuts in the short term, executives of global product trading giants Vitol, Trafigura and Gunvor said at the Energy Intelligence Online Forum in London on Tuesday. OPEC+ is going over an additional hold-up to a prepared oil output hike that was due to start in January, 2 sources from the group stated on Tuesday. Trafigura's global head of oil Ben Luckock presumes OPEC will once again postpone its production boost, though most likely not that far into the future, as OPEC is unlikely to be pleased with present prices. I think that...

Crude Oil

Crude Oil

European stocks hold stable after Asia increases on tariff hopes

European shares held constant on Tuesday after inflation data matched expectations, while Asian shares increased as some investors hoped U.S. Presidentelect Donald Trump would adopt less aggressive tariffs than formerly believed. Europe's continent-wide STOXX 600 index was last up 0.1%, after rising 0.95% on Monday following a news report that stated Trump may think about narrower tariffs, which triggered shares of automakers to rally. Germany's DAX was up 0.2% while Britain's FTSE 100 fell 0.2%. MSCI's broadest index of Asia-Pacific shares outside Japan climbed up 0.2%. Japan's Nikkei rose 2%,. increased by a rally in technology stocks. China's CSI 300...

Crude Oil

Asia shares benefit from doubts about Trump tariffs

Asia's shares followed Wall Street's favorable lead on Tuesday as some investors hoped U.S. Presidentelect Donald Trump would embrace less aggressive tariffs than formerly thought when he takes workplace. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.03%, while Japan's Nikkei jumped 2%, boosted by a rally in innovation stocks. Stocks in Europe, nevertheless, looked set for an unfavorable start after Monday's gain. EUROSTOXX 50 futures fell 0.5%,. while FTSE futures pulled away 0.47%. In the U.S., S&P 500 futures slipped 0.07%. Nasdaq. futures lost 0.16% after the underlying indexes increased on. Monday to more than a one-week...

Crude Oil

Asian stocks increase, dollar at two-year high as US rates, Trump in focus

Asian stocks rose on Friday, intending to shrug off a lacklustre start to 2025, while the dollar was perched at a twoyear high against a basket of currencies as financiers fret about U.S. rates remaining higher for longer. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.33% higher but on course for a nearly 1%. drop for the week. The index increased almost 8% in 2024. Japan. markets are closed for the week. China stocks were steady on Friday after plunging on. Thursday highlighting growing stress over China's economy and. a possible looming trade war when Donald Trump begins...

Mining

Mineral Resources

Mineral Resources

United States, Japanese, Philippine leaders discussed China's behavior in South China Sea, White Home says

U.S. President Joe Biden on Sunday met essentially with his equivalents from Japan and the Philippines to advance cooperation amongst the three countries, the White Home stated. The 3 leaders discussed trilateral maritime security and economic cooperation, and China's unsafe and unlawful habits in the South China Sea, it said in a statement. The three leaders agreed on the significance of continued coordination to advance a complimentary and open Indo-Pacific. Biden spoke with Japanese Prime Minister Ishiba Shigeru and Philippine President Ferdinand Marcos Jr. late on Sunday, a week before Biden leaves office and hands power to President-elect Donald Trump...

Mineral Resources

Indonesia sets 2025 nickel ore mining quota at around 200 million metric lots

Indonesia has set a quota of around 200 million metric tons for nickel ore mining this year, a senior mining ministry official said on Friday, including this might be cut if miners stopped working to comply with ecological and other guidelines. We have actually released around 200 million tons. However if based on their efficiency evaluation, particularly post-mining improvement and environmental management (not fulfilling federal government requirements), we will cut, said Tri Winarno, director general of mineral and coal at the ministry. Energy and Mineral Resources Minister Bahlil Lahadalia said recently that the Southeast Asian country, among the world's. biggest...

Mineral Resources

Weather concerns to crush India's sugar production, export hopes

Sugarcane yields in India are decreasing due to in 2015's dry spell and this year's extreme rains, which could decrease the country's sugar production below usage levels for the first time in eight years, farmers and market officials said on Monday. Lower-than-expected output by the world's second-largest sugar producer might eliminate the possibility of India permitting exports in the existing season ending in September 2025, supporting worldwide sugar prices. Maharashtra, Karnataka, and Uttar Pradesh account for more than 80% of the nation's total sugar production, with lower walking cane yields in these states prompting trade homes to decrease their output...

Oil & Gas Exploration

Chile's Codelco to release lower carbon explosives in copper mine

Chile's staterun copper miner, Codelco, will begin using explosives with a substantially lower carbon footprint at its Radomiro Tomic mine, the business revealed on Thursday. Dynamites are utilized in mines to break up rocks to more quickly process them and extract important metals. WHY IT is essential Codelco is the world's largest copper manufacturer and its choice to use alternative explosives underscores the increasing pressure on mining companies to boost their ecological standards and decrease greenhouse gas emissions. The pressure is especially high for copper mining which has traditionally been more carbon-intensive. BY THE NUMBERS The new dynamites are anticipated...

Mineral Resources

EV investor Ideanomics files for bankruptcy to sell possessions

Electric automobile tech company Ideanomics Inc. filed for Chapter 11 bankruptcy in Delaware on Wednesday to discover a buyer for its wireless charging business and other innovation investments. Ideanomics got in insolvency with over $30 million in debt and simply $189,000 in cash on hand, according to files filed in Wilmington, Delaware personal bankruptcy court. Ideanomics said it has lost over $800 million in the previous five years. The company spent $320 million on electric automobile innovation investments in between 2021 and 2023, but the majority of those investments were unprofitable. It has actually closed down all of its obtained...

Mineral Resources

Indonesia's Delta Dunia increases stake in Australia's 29Metals in a relocation towards copper

Indonesian miner PT Delta Dunia Makmur has increased its stake in Australia's copperfocused base and precious metals miner 29Metals to 19.9% by registering for the latter's newly released shares worth A$ 62 million ($ 40.19 million). The Jakarta-listed business has been diversifying beyond its home of Indonesia, where it runs its BUMA coal mining services company. Last month, Delta obtained a 51% stake in Dawson Complex, Australia, a part of Anglo American's steelmaking coal portfolio, for $455 million. Delta's investment in 29Metals becomes part of the Australian company's A$ 180 million equity raising, carried out at a discounted offer rate...

Mineral Resources

Indonesian arm of Malaysia's Mr do it yourself seeks to raise $297 mln in IPO

The Indonesian arm of Malaysiabased home enhancement retailer Mr DIY Group is looking for to raise approximately 4.71 trillion rupiah ($ 297 million) in a going public, according to a prospectus released on Monday. At $297 million, the listing by Daya Intiguna Yasa will be Indonesia's largest IPO in more than a year, following Amman Mineral Internasional's listing in July 2023, according to information compiled by LSEG. IPO continues raised in Indonesia, Southeast Asia's biggest economy, dropped to $298.4 million in the first nine months of the year, from $3.26 billion in 2023, LSEG information revealed. The drop came versus...

Mineral Resources

South Korea's Yoon, Malaysia's Anwar agree to comply in defence, minerals

South Korea and Malaysia signed an agreement on Monday to cooperate in supplying vital minerals from Malaysia's reserves and to improve cooperation in the defence market as the Southeast Asian country seeks to upgrade its air force jets. South Korean President Yoon Suk Yeol and Malaysian Prime Minister Anwar Ibrahim likewise shared their commitment at a summit to conclude an open market arrangement by next year, which would consist of extra locations such as services, investment, and green energy, Yoon's workplace stated. South Korea welcomed ongoing interest from Malaysia as it embarks on a job to change light fighter jets,...

Mineral Resources

LME lead stocks jump to highest level in 11-1/2 years after inflows

Lead inventories in London Metal Exchange authorized warehouses have jumped by 49% over 2 days to their highest level considering that March 2013, LME information showed on Tuesday. Inflows of 91,025 metric loads were most likely to be from celebrations providing against brief or bearish positions ahead of Wednesday's November agreement expiry, analysts said. LME information reveals 2 celebrations each holding a significant short position in November- one accounting for more than 40 %of market open interest and another one for 10% -19%. On the other side of the marketplace are 4 long> positions, where one celebration holds up to...

Mineral Resources

New alumina products in 2025 poised to rupture record price rally

New capability for transforming bauxite into alumina due online next year is set to ease tight supplies and potentially halt a recordbreaking cost rally of the product utilized to make aluminium. Higher alumina rates outside China have turned the top producer and consumer into a net exporter this year from a web importer and boosted costs of aluminium, which is utilized in the transportation, construction and packaging markets. Disturbances in supplies of bauxite from Guinea and Brazil and output suspensions in Australia added to a 70% surge in alumina rates this year to a record 5,645 yuan ($ 779.77) per...

Mineral Resources

China, Indonesia improve ties with essential deals on lithium, green energy, tourism

China and Indonesia have agreed to reinforce cooperation in essential sectors, consisting of lithium, brand-new energy cars, green energy and tourist, according to a joint declaration released on Saturday. The statement followed a conference in between Chinese President Xi Jinping and Indonesian President Prabowo Subianto, who is checking out China through November 10, the first nation he has checked out since taking workplace last month. Prabowo, who won Indonesia's governmental election in February, likewise picked China as the first nation to go to as president choose, underscoring Jakarta's dedication to reinforcing its strategic ties with Beijing. China and Indonesia will...

Mineral Resources

New green steel firms could enjoy benefits as EU carbon tariffs loom

On Thailand's eastern coast, strategies are underway to develop an electric arc heater that will provide green steel to Europe and benefit from controversial brand-new guidelines that will require buyers to pay tariffs on highcarbon imports. Federal governments and market associations in Asia have lobbied ferociously against Europe's Carbon Border Change Mechanism ( CBAM) and it could cast a shadow over COP29 environment talks in Baku, Azerbaijan, next week, with China and others calling for an end to green trade barriers. CBAM was created to stop European companies averting carbon compliance expenses by sourcing commodities from regions with laxer ecological...