COALspot.com keeps you connected across the coal world

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


Search News
Latest CoalNews Headlines
Thursday, 20 November 14
MOST MAJOR ASIAN ECONOMIES TO BENEFIT FROM LOWER OIL - FITCH

COALspot.com:  The 25% drop in the price of oil since July is likely to lift economic growth prospects, improve terms of trade, and have a potentially positive credit impact for a number of Asia-Pacific sovereigns if the lower prices are sustained below USD90/bbl through 2015, in line with our latest forecast, says Fitch Ratings.

Most major Asian economies - including China, Japan, Korea and Thailand - would see an effective overall income boost from sustained lower oil prices. In addition, countries with large oil import needs facing external adjustment pressures such as Indonesia and India are among the best positioned to see a positive impact on sovereign credit profiles, although the broader policy response will matter too.

All but one of the Fitch-rated APAC sovereigns are net oil importers. Net oil import bills range significantly, from greater than 10% of GDP for Thailand to less than 2% for Bangladesh and Vietnam. Korea, Japan and China have net import bills of 6%, 3% and just over 2% of GDP, respectively.

For consumers, there would be a positive consumption effect from falling retail energy prices. Disinflation as a result of lower oil prices could also contribute to GDP growth less directly in some countries, by facilitating a more accommodative monetary policy than would otherwise be followed. Notably, several key Asian economies, including Japan, have been increasingly relying on liquefied natural gas (LNG) as part of their energy mix, and Asian LNG prices are linked to Brent crude.

A combined positive impact on fiscal accounts, economic growth and terms of trade, would be particularly beneficial for the sovereign credits of countries which are both net oil importers and facing external adjustment pressures, including Indonesia and India. Lower oil prices will help to ease the trade-offs faced by these economies as they aim to bolster growth while reducing external account deficits.

Beyond the macroeconomic growth effects, the fiscal impact could also be significant for several south and south-east Asian sovereigns. Both the Indian and Indonesian governments have already taken advantage of the price decline. In India, diesel prices were deregulated on 18 October. The direct impact on our headline fiscal forecasts is expected to be limited, while this will make the fiscal accounts more robust against future oil shocks, since both diesel and petrol prices are now determined by the market.

In Indonesia, the new administration under President Joko Widodo raised the administered price of fuel by over 30% on 18 November. Roughly 15% of total government spending (2.4% of GDP) is allocated to fuel subsidies, according to the state budget. In addition to direct effects on the state budget, the price hike provides a clear, positive signal of the new government's intentions to swiftly implement its reform agenda.

However, the extent to which sovereigns are able to realise the potential fiscal benefits will be determined at least partly by how policy makers respond - whether they use budget windfalls to increase spending or reduce deficits.

Fitch has lowered its forecast for the price of Brent Crude to average USD87/bbl through 2015 and USD90/bbl for 2016 as part of our latest forecasting round, down from our September forecasts of USD100/bbl and USD95/bbl, respectively.



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

Recent News

Saturday, 06 December 14
MUNDRA PORT MAKES HISTORY BY HANDLING THE LARGEST BULK CARRIER TO CALL ON WEST COAST OF INDIA
COALspot.com: Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, yesterday said its Mundra Port successf ...


Friday, 05 December 14
CHINESE SPECIAL STEEL MAKERS' RISK PROFILES MORE RESILIENT - FITCH
Fitch Ratings says the risk profiles of Chinese makers of special steel, especially high-end products, are more like those of manufacturers and mor ...


Friday, 05 December 14
U.S. YEAR-TO-DATE COAL PRODUCTION REACHED AROUND 905 MMST - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19 million short tons (mmst) of coal i ...


Thursday, 04 December 14
CAPE MARKET IS DEVELOPING FROM BAD TO WORSE
Handy The Atlantic market has been pretty stable and balanced this week, Fearnleys AS says in its latest weekly report. The broker furt ...


Thursday, 04 December 14
DRY BULK MARKET; ANOTHER DISAPPOINTING WEEK
COALspot.com: For those who have been hoping to see alignment of freight direction across the Dry Bulk market, this must have been another disappoi ...


   664 665 666 667 668   
Showing 3326 to 3330 news of total 6871
News by Category
Popular News
 
Total Members : 28,704
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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