Coal Price Recovery Offers a Glimpse of Hope to the Global Coal Mining Industry, But the Effect is Unlikely to Last Long

by February 3rd, 2017

2016 saw a rather unexpected turnaround of coal prices on a global scale. After declining steadily since 2011, amidst China’s economy slowdown and Western World-led decarbonisation efforts, coal prices suddenly made a 180-degree shift, rebounding by 100% over the year. Price of Australian benchmark coal reached US$100/tonne, while the Colombian coal price settled at US$86.7/tonne in November […]

OPEC’s Annual Meeting is About to Confirm Policy Change, though its Effect is Doubtful

by November 4th, 2016

Almost a year ago, the Organization of the Petroleum Exporting Countries (OPEC) made a decision to keep crude oil production unaltered, raising doubts about the cartel’s role in the current oil market. This year, the organisation’s annual meeting, scheduled for 30 November, will probably lead to a policy shift, with the cartel reportedly looking to introduce […]

Clean Energy Growing in China

by September 3rd, 2016

In 2015, China became the global leader in both solar and wind power installations. Currently, the country accounts for more than 30 percent of total wind power capacity. China’s solar power output overtook Germany has the global leader in 2015. These new forms of power are allowing the country to cut its coal consumption. Watch […]

Does the Global Coal Mining Industry Face the Final Curtain After the Paris Climate Deal?

by March 5th, 2016

We at Euromonitor International think that the Paris Climate Agreement (2015) will only exacerbate what is already a gradual decline for a global coal industry, reflecting a slowdown in demand from China and growing competition from increasingly attractive power generation from renewables. Chinese juggernaut tames its appetite for coal Coal, once a main driver behind […]

Why the United Arab Emirates Refuse to Panic over the Falling Global Oil Prices?

by November 13th, 2015

The Government of the United Arab Emirates has expressed the opinion that the current global oil price of around US$50 per barrel has many positive effects. Is such a low oil price really beneficial? Low global oil prices do indeed have certain positive effects, but we need to differentiate which industries are the main beneficiaries. […]