The Adaro Blog
China 2014 coal output seen down 2.5 pct, first drop in a decade
January 31, 2015, 10:39 am
Jan 29 (Reuters) – China‘s coal production is estimated to have fallen 2.5 percent in 2014, the first annual drop in more than a decade, hit by a war on pollution and government efforts to tackle a supply glut as demand from industry and the power sector weakens.
The forecast by the...
Indonesia Needs Private Funding for 70% of Infrastructure Works
January 23, 2015, 10:41 am
(Bloomberg) — Indonesia’s government said it can only directly fund 30 percent of its infrastructure program for the next five years, and is relying on state-owned enterprises and private investors for the rest.
The government will focus on building transport infrastructure outside...
Investor Bind: How Low Can Oil Go?
January 19, 2015, 10:42 am
The collapse in the oil market has been very good for Anuraag Shah. His hedge fund, Tusker Capital LLC, last spring made a bet that oil prices would fall and has since reaped big profits from their nearly 60% decline.
But last Tuesday, Mr. Shah decided he had seen enough. He cashed out all of...
IMF downgrades global growth forecast
January 16, 2015, 10:43 am
The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next.
The IMF now expects growth of 3.5% this year, compared with the previous estimate of 3.8% which it made in October.
The growth forecast for 2016 has also been cut, to 3.7%.
Iron Ore, Coal Forecasts Cut by Citigroup as Energy Tumbles
January 14, 2015, 10:44 am
Citigroup Inc. reduced price forecasts for iron ore and coal as cheaper oil and declines in producers’ currencies combine to cut supply costs, signaling how the collapse in energy is feeding through to other commodities.
Iron ore will average $58 a metric ton in 2015 and $62 a ton in 2016,...
After Boom, Commodity Pile Up
January 13, 2015, 10:45 am
Two years ago, Daniel Nilsson’s family bought a hotel in the town of Pajala, Sweden, some 50 miles above the Arctic Circle. The nearby Kaunisvaara iron-ore mine had just started production, and the Nilssons installed new meeting facilities and revamped the nightclub. “We wanted to give...
The Moral Case for Fossil Fuel
January 9, 2015, 10:50 am
You’ve heard that our addiction to fossil fuels is destroying our planet and our lives. Yet by every measure of human well-being life has been getting better and better
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