Frans Timermans. Photo: Thierry Monasse / Bloomberg – Natural gas prices in Europe are breaking record after record. Britain is facing a shortage of energy supplies, evoking memories of discontent since the late 1970s. Chinese factories are closing due to lack of electricity, and the prospects are getting gloomier, writes Irina Slav in a comment … Read more
Jakarta, CNBC Indonesia – The high price of coal forced a number of factories to abandon this commodity as an energy source. Secretary General of the Association of Fiber and Filament Yarn Producers (APSyFI), Redma Gita Wirawasta, said that this step was inevitably carried out by many textile factories because the price of coal was … Read more
Jakarta, CNBC Indonesia – The stretch in coal energy commodity prices in recent months has made coal stocks, especially in Indonesia and China, also skyrocket. This is because the enthusiasm of investors is still peaking thanks to the increase in world coal prices, along with the increasing demand for coal in the midst of the … Read more
Key Chinese industrial regions warn of a deepening energy crisis, as a result of which the government began saving electricity in September, which affected a number of factories. Beijing is trying to increase coal supplies from local mines to power plants, but it is not doing very well, also due to the current floods in … Read more
Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed green again on Tuesday (12/10/2021), although in the end, the JCI failed to penetrate the psychological level of 6,500. The national benchmark stock exchange index closed up 0.41% to 6,486.27. In the first trading session at 10:30 WIB, the JCI had touched the psychological … Read more
Jakarta, CNBC Indonesia – Flood disaster reportedly hit the main coal production center in China. This has sent coal prices soaring and made it difficult for Beijing to cope with the ongoing electricity shortage. Citing the provincial Emergency Management Bureau, heavy rains forced the closure of 60 coal mines in Shanxi province. The province is … Read more
Jakarta, CNBC Indonesia – Coal prices have skyrocketed this year. The increase had broken the highest record since 2008 at US$ 280/ton on Tuesday (5/10/2021) last week. In other words, at that highest level, the black stone had ‘skyrocketed’ to 230% so far this year. Inevitably, with this surge, no other commodity experienced a price … Read more
Jakarta, CNBC Indonesia – Coal prices did not record an increase or decrease throughout last week. Starting the week at US$ 225.75/ton, the price of the black stone finished in the same position. In the first two trading days last week, coal prices rose sharply by 10.3% and 12.45%, respectively. However, nature then found its … Read more
Jakarta, CNBC Indonesia – Energy crisis is happening in a number of countries in the world, such as the UK and China. This was marked by skyrocketing gas and coal prices, followed by an increase in oil prices. The Governor of Indonesia for the 2015-2016 Organization of the Petroleum Exporting Countries Widhyawan Prawiraatmadja said, at … Read more
Jakarta, CNN Indonesia — Former Deputy Minister of SOEs Arcandra Tahar uncover a number of reasons for the price coal and natural gas jumped sharply. This increase has caused the energy crisis in Europe to China in the last month. “The hope that the Covid-19 pandemic will be controlled in 2021 has raised the optimism … Read more