COALspot.com keeps you connected across the coal world
  • MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
  • FEB 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.89 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 15 January 20
PREDICTIONS FOR 2020: 'SLOWBALISATION" IS THE NEW GLOBALISATION - PWC
PWCProjecting what the future holds is an important exercise for businesses looking to plan ahead. Below we present a summary of some of the themes we assess will likely prevail in the global economy in 2020.
 
Trading goods across borders will likely remain tense…: A defining feature of the global economy since at least the 1970’s has been globalisation—the bringing together of economies predominantly via more liberal trade flows. The global volume of merchandise traded slowed down dramatically and even went in reverse in 2019 in contrast to a 21st century average growth rate of about 3.4% per annum*. Also, in December 2019 the World Trade Organization’s (“WTO”) dispute settlement mechanism was effectively disbanded. We expect this trend to continue in 2020 and for trade tensions in the global goods market to persist. This means that we assess globalisation is likely give way to ‘slowbalisation’ i.e. continued integration of the global economy via trade, financial and other flows but albeit at a significantly slower pace. Large businesses with sophisticated supply chains spread across the world should therefore plan for a variety of scenarios, some of which have not been experienced in recent history.
 
…but global services trade expected to hit US$7 trillion: One aspect of trade that is often neglected is trade in services, which is now about one third of the size of the global volume of merchandise trade. In contrast to goods, services remain largely unaffected from tariff wars. The latest 2018 data from the International Trade Centre (“ITC”) shows that the global export of services was worth about US$5.8 trillion, or around 3.5% of global GDP. We expect the total value of services exported to hit a record US$7 trillion by 2020. Assuming historic trends continue, the US and UK are likely to remain the first and second largest exporters of services in the world in US Dollar terms. But in yet another reminder of the shift of the centre of economic power from the West to the East we expect China to overtake France in 2020 and become the world’s fourth largest services exporter.
 
Global economy is expected to grow at a modest pace: Figure 1 shows that growth in merchandise trade flows and the global economy have been intrinsically linked. In our main scenario for 2020, we expect the global economy to expand at a rate of around 3.2% in purchasing power parity (“PPP”) terms which is below the 21st century average of 3.8% per annum. In our main scenario, we expect all of the major economies to grow, buoyed, in part, by accommodative financial conditions. US economic activity is likely to expand by around 2%, in line with its potential rate. Given the historically low unemployment rate, US employers, however, find it increasingly difficult to hire staff. Across the pond, the Eurozone is expected to grow at approximately half that rate (i.e. around 1%). Germany, and other economies that are sensitive to global trade flows, to become more reliant on household consumption as a source of growth instead of net exports and investment. For Germany, however, this could be challenging as households tend to save more than the European average. In the emerging world, we expect the Chinese economy to expand by less than 6%– but it can still add the equivalent of Saudi Arabia to the world economy in one year. The world’s six other largest emerging economies, including Turkey, should also grow in this scenario, with India leading the way.
 
Predictions for 2020
 
More jobs across the board but not necessarily spread equitably
We expect the G7 to continue to create jobs, to the tune of around 2 million. Four out of the five new jobs in the G7 will be created in the US, UK and Japan. As the pool of labour resources in the G7 gradually dries up, we assess earnings should continue their upward trajectory. But in the absence of productivity improvements, corporate profit margins could be squeezed. Similarly, the International Labour Organization (“ILO”) expects the seven largest emerging economies– the E7–to create about 8 million jobs in net terms. There are some exceptions to this– Russia and China are likely to experience a shrinking workforce because of demographic pressures. Finally, the ILO’s employment projections for the G7 show that jobs are likely to be taken up by men and women in equal measure. Within the E7, however, the ILO expects job creations to be less evenly distributed across genders.
 
India expected to rise in global economic rankings
According to the IMF’s latest estimates, 2019 was the year when India overtook the UK and France to become the fifth largest economy in the world. This is an ongoing process with India likely on current trends to overtake Germany before 2025 and Japan before 2030 to become the world’s largest economy behind China and the US. France and the UK will likely now vie for sixth place in the rankings, with their relative position dependent on the value of the pound against the euro which may remain volatile in 2020.
 
Germany may need to choose between ‘lower for longer’ interest rates or higher fiscal spending
The US is expected to run a US$1.2 trillion government deficit. The Eurozone, which is about the same size as the US economy will run a government deficit about 1/10 the size of the US. In fact, we expect almost half of the Eurozone member states to run a government budget surplus in 2020. Cyprus, Luxembourg and Germany are expected to run the largest surplus relative to their economic size while France and Italy are expected to be on the opposite end of the spectrum with continuing budget deficits. Germany is likely to come under renewed pressure to either increase its government spending or accept ‘lower for longer’ interest rates (see Figure 3). Further afield, of the Gulf Cooperation Council (“GCC”) countries, we only expect Qatar to run a government surplus in 2020. This could mean more policy action in the future to balance government budgets across the GCC.
 
US oil production expected to hit record levels
Global renewable energy and nuclear consumption will likely make up more than 20% of global energy consumption, which is the highest it has ever been. The rise of renewable energy reflects how businesses, households and governments are adapting and changing their attitudes. China is expected to be the largest consumer of this type of energy closely followed by Europe. However, oil is expected to continue to remain the most preferred source of energy in 2020 for the world economy followed by coal and natural gas. The US and China will almost certainly remain the largest consumers of oil in the world in 2020. In so far as the extraction and supply of oil (and other liquid forms of energy) is concerned the US may surpass the monthly 13 million barrels per day (“b/d”) threshold. To set into context, in the US crude oil was extracted at a rate of 5.5 million b/d 10 years ago.
 
Global population biggest it has ever been but also the greyest
According to the United Nations (“UN”), In 2020, the world’s population is expected to reach 7.7 billion, which is around a 10% increase compared to a decade ago. China, India and SubSaharan Africa are expected to drive around half of the world’s annual population increase. At the same time, the number of people above the age of 60 globally is expected to surpass the one billion mark. China is expected to have a larger number of people above the age of 65 than all the six other largest emerging economies put together. This calls into question how policymakers respond to this trend and fund future health and social care. This could also be an opportunity for businesses in advanced economies, who have been dealing with such issues for decades. In relative terms i.e. the proportion of people above the age of 65 relative to the country’s entire population, Japan is expected to remain the ‘greyest’ country in the world and Niger is expected to be the youngest.
Source: PWC


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 10 March 16
U.S. COAL EXPORTS DECLINED 23% IN 2015, AS COAL IMPORTS REMAINED STEADY
COALspot.com: The United States remains a net exporter of coal, exporting 74.0 million short tons (MMst) and importing 11 MMst in 2015. Accord ...


Thursday, 10 March 16
IT FEELS SAFE TO SAY THAT THE MARKET IS SLOWLY AND PAINFULLY REGAINING ITS BALANCE
With the BDI marking its third consecutive positive weekly closing, it feels safe to say that the market is regaining its balance; slowly and painf ...


Wednesday, 09 March 16
U.S. COAL EXPORTS DECLINED 24% (74 MMST) IN 2015; COAL PRODUCTION IS EXPECTED TO DECREASE BY 111 MMST IN 2016 - EIA
U.S. Coal Supply EIA estimates that U.S. coal production for February 2016 was 54 million short tons (MMst), a 4 MMst (7%) decrease from the prev ...


Wednesday, 09 March 16
RI MAY HAVE TO IMPORT COAL FOR FUTURE POWER PLANTS: STUDY - THE JAKARTA POST
With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a stud ...


Tuesday, 08 March 16
INDONESIA HIKES COAL BENCHMARK PRICE FOR THE FIRST TIME IN 12 MONTHS
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016, but up slightly in Mar ...


   281 282 283 284 285   
Showing 1411 to 1415 news of total 5752
News by Category
Popular News
 
Total Members : 26,760
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Thailand Anthracite
  • OPG Power Generation Pvt Ltd - India
  • Central Java Power - Indonesia
  • Indogreen Group - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Ministry of Transport, Egypt
  • World Bank
  • Total Coal South Africa
  • Lanco Infratech Ltd - India
  • SRK Consulting
  • Savvy Resources Ltd - HongKong
  • Cardiff University - UK
  • Vedanta Resources Plc - India
  • Sinarmas Energy and Mining - Indonesia
  • KPMG - USA
  • ETA - Dubai
  • Cosco
  • Runge Indonesia
  • Formosa Plastics Group - Taiwan
  • Singapore Mercantile Exchange
  • Siam City Cement PLC, Thailand
  • Bahari Cakrawala Sebuku - Indonesia
  • Pinang Coal Indonesia
  • Reliance Power - India
  • Posco Energy - South Korea
  • Antam Resourcindo - Indonesia
  • MS Steel International - UAE
  • IBC Asia (S) Pte Ltd
  • Krishnapatnam Port Company Ltd. - India
  • Sakthi Sugars Limited - India
  • Mitsui
  • Coaltrans Conferences
  • Ambuja Cements Ltd - India
  • Heidelberg Cement - Germany
  • Asia Cement - Taiwan
  • India Bulls Power Limited - India
  • PLN Batubara - Indonesia
  • Core Mineral Indonesia
  • Platou - Singapore
  • Sree Jayajothi Cements Limited - India
  • Adani Power Ltd - India
  • Goldman Sachs - Singapore
  • SMG Consultants - Indonesia
  • Kobe Steel Ltd - Japan
  • Directorate Of Revenue Intelligence - India
  • Vitol - Bahrain
  • Power Finance Corporation Ltd., India
  • Arch Coal - USA
  • Anglo American - United Kingdom
  • Panama Canal Authority
  • Deutsche Bank - India
  • Economic Council, Georgia
  • EIA - United States
  • Meenaskhi Energy Private Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Cement Manufacturers Association - India
  • KEPCO - South Korea
  • TNPL - India
  • Fearnleys - India
  • Port Waratah Coal Services - Australia
  • Thermax Limited - India
  • Electricity Generating Authority of Thailand
  • White Energy Company Limited
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Mintek Dendrill Indonesia
  • Ministry of Mines - Canada
  • Vizag Seaport Private Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Adaro Indonesia
  • PLN - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Uttam Galva Steels Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • London Commodity Brokers - England
  • Ind-Barath Power Infra Limited - India
  • Bayan Resources Tbk. - Indonesia
  • Makarim & Taira - Indonesia
  • Australian Commodity Traders Exchange
  • ICICI Bank Limited - India
  • CoalTek, United States
  • Rudhra Energy - India
  • Lafarge - France
  • Neyveli Lignite Corporation Ltd, - India
  • PetroVietnam
  • PTC India Limited - India
  • GB Group - China
  • PetroVietnam Power Coal Import and Supply Company
  • Kumho Petrochemical, South Korea
  • Barclays Capital - USA
  • Commonwealth Bank - Australia
  • Parliament of New Zealand
  • Energy Link Ltd, New Zealand
  • Thomson Reuters GRC
  • Britmindo - Indonesia
  • Indorama - Singapore
  • Sindya Power Generating Company Private Ltd
  • Coal and Oil Company - UAE
  • Manunggal Multi Energi - Indonesia
  • Maersk Broker
  • IEA Clean Coal Centre - UK
  • Inco-Indonesia
  • BNP Paribas - Singapore
  • EMO - The Netherlands
  • Medco Energi Mining Internasional
  • Mercator Lines Limited - India
  • Sical Logistics Limited - India
  • Deloitte Consulting - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Ceylon Electricity Board - Sri Lanka
  • The India Cements Ltd
  • Moodys - Singapore
  • Infraline Energy - India
  • Siam City Cement - Thailand
  • European Bulk Services B.V. - Netherlands
  • Cigading International Bulk Terminal - Indonesia
  • J M Baxi & Co - India
  • PNOC Exploration Corporation - Philippines
  • GMR Energy Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • The State Trading Corporation of India Ltd
  • Xindia Steels Limited - India
  • Parry Sugars Refinery, India
  • Vale Mozambique
  • Attock Cement Pakistan Limited
  • Billiton Holdings Pty Ltd - Australia
  • Global Coal Blending Company Limited - Australia
  • JPower - Japan
  • Straits Asia Resources Limited - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Larsen & Toubro Limited - India
  • Metalloyd Limited - United Kingdom
  • Geoservices-GeoAssay Lab
  • Gujarat Sidhee Cement - India
  • Samsung - South Korea
  • Qatrana Cement - Jordan
  • Edison Trading Spa - Italy
  • Argus Media - Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • Asian Development Bank
  • MEC Coal - Indonesia
  • Freeport Indonesia
  • Cemex - Philippines
  • Tanito Harum - Indonesia
  • ACC Limited - India
  • Samtan Co., Ltd - South Korea
  • Independent Power Producers Association of India
  • Arutmin Indonesia
  • Coeclerici Indonesia
  • Tata Power - India
  • Clarksons - UK
  • Thai Mozambique Logistica
  • RBS Sempra - UK
  • Binh Thuan Hamico - Vietnam
  • OCBC - Singapore
  • Jindal Steel & Power Ltd - India
  • Riau Bara Harum - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • GVK Power & Infra Limited - India
  • Planning Commission, India
  • Orica Mining Services - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • McKinsey & Co - India
  • HSBC - Hong Kong
  • Directorate General of MIneral and Coal - Indonesia
  • Maruti Cements - India
  • Bhatia International Limited - India
  • Georgia Ports Authority, United States
  • Bukit Makmur.PT - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Salva Resources Pvt Ltd - India
  • Indo Tambangraya Megah - Indonesia
  • Bank of America
  • Russian Coal LLC
  • Merrill Lynch Commodities Europe
  • The University of Queensland
  • CNBM International Corporation - China
  • Thriveni
  • Renaissance Capital - South Africa
  • Asmin Koalindo Tuhup - Indonesia
  • SGS (Thailand) Limited
  • Merrill Lynch Bank
  • Kapuas Tunggal Persada - Indonesia
  • ASAPP Information Group - India
  • NALCO India
  • Inspectorate - India
  • Coalindo Energy - Indonesia
  • McConnell Dowell - Australia
  • Videocon Industries ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Holcim Trading Pte Ltd - Singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • World Coal - UK
  • Banpu Public Company Limited - Thailand
  • IMC Shipping - Singapore
  • Tata Chemicals Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Permata Bank - Indonesia
  • Simpson Spence & Young - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Star Paper Mills Limited - India
  • U S Energy Resources
  • Dalmia Cement Bharat India
  • CCIC - Indonesia
  • Maybank - Singapore
  • Kaltim Prima Coal - Indonesia
  • Glencore India Pvt. Ltd
  • Noble Europe Ltd - UK
  • JPMorgan - India
  • Sojitz Corporation - Japan
  • Globalindo Alam Lestari - Indonesia
  • Eastern Coal Council - USA
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Malco - India
  • Bank of China, Malaysia
  • BRS Brokers - Singapore
  • Bhoruka Overseas - Indonesia
  • WorleyParsons
  • Malabar Cements Ltd - India
  • Aditya Birla Group - India
  • Carbofer General Trading SA - India
  • Mechel - Russia
  • Gujarat Mineral Development Corp Ltd - India
  • Oldendorff Carriers - Singapore
  • IOL Indonesia
  • Intertek Mineral Services - Indonesia
  • Wood Mackenzie - Singapore
  • Cargill India Pvt Ltd
  • Maharashtra Electricity Regulatory Commission - India
  • Essar Steel Hazira Ltd - India
  • Enel Italy
  • Mercuria Energy - Indonesia
  • Japan Coal Energy Center
  • South Luzon Thermal Energy Corporation
  • KPCL - India
  • Humpuss - Indonesia
  • Wilmar Investment Holdings
  • Berau Coal - Indonesia
  • Trasteel International SA, Italy
  • Rio Tinto Coal - Australia
  • Shenhua Group - China
  • Indonesian Coal Mining Association
  • Bangladesh Power Developement Board
  • Ministry of Finance - Indonesia
  • Price Waterhouse Coopers - Russia
  • Indian School of Mines
  • ANZ Bank - Australia
  • Xstrata Coal
  • Mitra SK Pvt Ltd - India
  • New Zealand Coal & Carbon
  • Madhucon Powers Ltd - India
  • Africa Commodities Group - South Africa
  • GHCL Limited - India
  • ING Bank NV - Singapore
  • TANGEDCO India
  • VISA Power Limited - India
  • UOB Asia (HK) Ltd
  • Shree Cement - India
  • UBS Singapore
  • Indika Energy - Indonesia
  • CESC Limited - India
  • Mitsubishi Corporation
  • Barasentosa Lestari - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Gresik Semen - Indonesia
  • Interocean Group of Companies - India
  • Credit Suisse - India
  • Aboitiz Power Corporation - Philippines
  • Petrosea - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Maheswari Brothers Coal Limited - India
  • Central Electricity Authority - India
  • Australian Coal Association
  • GNFC Limited - India
  • Jaiprakash Power Ventures ltd
  • KOWEPO - South Korea
  • DBS Bank - Singapore
  • Kideco Jaya Agung - Indonesia
  • Minerals Council of Australia
  • APGENCO India
  • Marubeni Corporation - India
  • Bhushan Steel Limited - India
  • Mjunction Services Limited - India
  • Kobexindo Tractors - Indoneisa
  • Eastern Energy - Thailand
  • Tamil Nadu electricity Board
  • Bangkok Bank PCL
  • NTPC Limited - India
  • Toyota Tsusho Corporation, Japan
  • Platts
  • Surastha Cement
  • SUEK AG - Indonesia
  • Agrawal Coal Company - India
  • Coal India Limited
  • Indonesia Power. PT
  • Jorong Barutama Greston.PT - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Bulk Trading Sa - Switzerland
  • PowerSource Philippines DevCo
  • CIMB Investment Bank - Malaysia
  • GAC Shipping (India) Pvt Ltd
  • Standard Chartered Bank - UAE
  • International Coal Ventures Pvt Ltd - India
  • Borneo Indobara - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Peabody Energy - USA
  • Jatenergy - Australia
  • Timah Investasi Mineral - Indoneisa
  • Latin American Coal - Colombia
  • Gupta Coal India Ltd
  • Bukit Baiduri Energy - Indonesia
  • Chamber of Mines of South Africa
  • Leighton Contractors Pty Ltd - Australia
  • Bharathi Cement Corporation - India
  • Romanian Commodities Exchange
  • TeaM Sual Corporation - Philippines
  • Altura Mining Limited, Indonesia
  • Idemitsu - Japan
  • Ince & co LLP
  • Coal Orbis AG
  • Chettinad Cement Corporation Ltd - India
  • globalCOAL - UK
  • Coastal Gujarat Power Limited - India
  • SASOL - South Africa
  • Orica Australia Pty. Ltd.
  • Indian Oil Corporation Limited
  • The Treasury - Australian Government
  • Grasim Industreis Ltd - India
  • bp singapore
  • Sucofindo - Indonesia
  • Thiess Contractors Indonesia