Refine by region/country
Latest articles in Energy
Equity Analysis / Thailand

Thailand Refining&Chemical: GRM slipped, but most chemical spreads strengthened

Headline GRM weakened WoW. Ethylene declined; Propylene spread moved up WoW. HDPE spread softened; PP spread strengthened WoW.
Bualuang Securities Suppata Srisuk
Suppata Srisuk @ Bualuang Securities 20 October 2020
Weekend Reading / Global

BP is leaving Emerging Market oil but could return in new ways

In September 2020, BP announced a fundamental strategic reorientation. On the one hand, leaving oil and gas could allow BP, and other IOCs that follow its lead, the opportunity to focus on producing energy closer to their major consumers and leave be...
Tellimer Research Paul Domjan
Paul Domjan @ Tellimer Research 17 October 2020
BP is leaving Emerging Market oil but could return in new ways
BP is leaving Emerging Market oil but could return in new ways
Equity Analysis / Thailand

Thailand (Bualuang) Refining&Chem-GRM fattened; most chemical spreads slipped

Headline GRM strengthened further WoW. Ethylene and Propylene spreads softened WoW. HDPE spread slipped; PP spread expanded WoW.
Bualuang Securities Suppata Srisuk
Suppata Srisuk @ Bualuang Securities 14 October 2020
Sovereign Analysis / South Africa

South Africa has to solve the Eskom problem

For the past decade South Africa has been on a slippery slope, with public debt rising from a low of 26.5% of GDP just before the 2008 global financial crisis to 63.5% by the end of FY 2019/20 in March. Much of the shortfall is due to a NERSA decisio...
Tellimer Research Patrick Curran
Patrick Curran @ Tellimer Research 8 October 2020
South Africa has to solve the Eskom problem
South Africa has to solve the Eskom problem
Equity Analysis / Thailand

Brighter near-term outlook; good future prospects

On Aug 20, TOP’s board approved restructuring its stakes in power businesses. The purpose of the restructuring is to simplify the shareholding structure of its power business holdings. Upon completion of the plan, TOP will receive a net cash inflow t...
Bualuang Securities Suppata Srisuk
Suppata Srisuk @ Bualuang Securities 7 October 2020
Equity Analysis / Thailand

Thailand (Bualuang) Refining & Chemical - GRM fattened

Last week, chemical prices and spreads moved in various directions. Also, there’s scope for upside to its long-term growth profile from new acquisitions. Lower supply (amid planned shutdowns and lower run rates among refineries) pushed gasoline sprea...
Bualuang Securities Suppata Srisuk
Suppata Srisuk @ Bualuang Securities 6 October 2020