Cool summer could push U.S. coal consumption below 600 million tons—analysts

first_imgCool summer could push U.S. coal consumption below 600 million tons—analysts FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Industry analysts told S&P Global Market Intelligence a projected cooler summer across much of the U.S. could challenge an already struggling coal industry by muting domestic utility demand for the commodity. Coupled with weakening European and Asian thermal coal pricing, a cooler summer resulting in lower energy demand could weigh on the U.S. coal sector, the analysts said.“Every year is important for this industry,” said B. Riley FBR analyst Lucas Pipes. “I think it’s probably fair to say that given the weakness in the seaborne market at this time, stronger domestic demand is maybe more important than let’s say last year because if the export market should continue to stay challenging at current pricing levels, clearly producers have to look more towards the domestic market to balance their sales books.”Todd Crawford, senior meteorologist for IBM Business’ The Weather Company, told S&P Global Market Intelligence that he projects there will be about 9.5% less energy demand on average across the country year over year. Crawford said heavy rain and flooding in the Midwest this spring will likely result in a cooler summer, noting that temperatures in the region and into the Northwest have remained two or three degrees below average in recent weeks. He added the Southeast may have a slightly warmer summer than normal but not a significant increase.“As we look through June, we don’t see a lot of heat through the major population centers, energy demand centers, of the eastern U.S.,” Crawford said. “If there’s any big heat going on in June, it’s going to be of the [Pacific] Northwest.”Andy Blumenfeld, head of Market Analytics at Doyle Trading Consultants LLC, said some power demand data is already reflecting the effect of cooler temperatures heading into the summer. Though the U.S. had strong energy demand this winter, it has declined significantly more recently. Blumenfeld said he thinks coal burn will decrease significantly this year compared with 2018, dropping by much as 40 million tons to less than 600 million tons, a record low over the last several decades.Blumenfeld added the potential for increased summer demand from the international market could help domestic producers, given the increased use of air conditioning in other nations outside the U.S., especially in Asia. “If we do see a spike in demand that certainly will help, so that’s possibly a good-news scenario that comes out of this,” he said, “but so far we’re not seeing it in the forward pricing to a great degree. There is some upward lift, but it’s still pretty low.”More ($): Cooler summer may limit domestic opportunities for struggling coal sectorlast_img read more

Government to step up mask-wearing campaign amid rising COVID-19 cases

first_imgThe government is set to step up its public campaign to encourage mask-wearing in the next few weeks as COVID-19 cases in the country continue to rise.“[President Joko ‘Jokowi’ Widodo] has asked us to educate the public on health protocols,” Coordinating Human Development and Culture Minister Muhadjir Effendy said in a statement on Tuesday. “We [will] start with the essential, which is mask-wearing.”Muhadjir said the government would establish a program, spearheaded by the coordinating minister’s office, to intensify the campaign to wear a face mask in public places, including appointing a mask-wearing “ambassador” and distributing social aid packages that include face masks. Additionally, the government plans to issue public service commercials in print and online publications, social media and billboards, in addition to educating the public on the law regarding wearing a face mask.“The main targets of this campaign are people who have activities in traditional and modern markets, terminals, stations, public facilities, houses of worship, public open spaces, those who co-live such as in orphanages and those who have activities on the streets and so on,” he said.The coordinating minister also ordered the Cooperatives and Small and Medium Enterprises Ministry and the State-Owned Enterprises Ministry to procure a large number of face masks from micro and ultra-micro industries to fulfill the public need while supporting small businesses.The government drafted the campaign amid rising cases of COVID-19 in the country after most regional administrations began easing restrictions in early June to prevent a further economic downturn.Compliance with health protocols still leaves much to be desired. For example, the Jakarta administration announced Monday that it had collected a total of Rp 2.47 billion (US$188,120) in fines from violators of social restrictions, including from 62,198 people who were not wearing a mask. Businesses have also been fined for failing to adhere to health protocols, such as limiting visitor capacity. According to the official government count, Indonesia has 116,871 confirmed COVID-19 cases with 5,452 deaths as of Wednesday.Topics :last_img read more

Super Falcons Land in Final against S’Africa, as Both Teams Qualify…

first_imgFemi SolajaAfter 120 minutes of energy sapping encounter which ended goalless, it was Super Falcons defender, Ngozi Ebere’s well taken penalty kick that shoots Nigeria ahead of Lioness of Cameroon into the final match of African Women football tournament (AWCON) but more significantly earned the country a World Cup ticket next year in France.The feat also puts Nigeria as the only country on the continent to appear in all the editions of the tournament since the maiden edition in China in 1991. Like it was in the opening group B matches of the tournament, the team will face the Bayana Bayana of South Africa in the final match on Saturday and both teams will have a lot to play for with Falcons seeking a revenge while the South Africans will aim at conforming their prowess as the new champion on the continent.The win against Indomitable Lionesses of Cameroon however did not come that easy as their determined opponent played a more robust football and controlled the early part of the match played at the Accra Sports Stadium and certainly looked quite skilful against the Cup holders, but the experienced Super Falcons held them at bay, and when the defence got breached, goalkeeper Tochukwu Oluehi was there to keep things tidy.Cameroon came close to score as early as the 4th minute through Ongene whose rising shot almost cut Nigeria’s goalkeeper on wrong foot but her intuition saved the situation and some minutes later, the Lionesses were on the prowl again with a firm header, but Oluehi again was alert. In the 10th minute, Gaelle Enganamouit tested the Nigeria goal with a snap shot. Again Oluehi was aware.In the closing stages of the first period, Nigeria pushed forward a bit, but an attempt by Francisca Ordega to steal the ball from two defenders was fruitless, and Asisat Oshoala’s crisp shot was well saved.In the second half, the fit and technically savvy Cameroonians tried to pull strings from the midfield, only to meet their match in Halimatu Ayinde, Ngozi Okobi and Rita Chikwelu. Okobi wasted a glorious chance in the 54th minute and at the other end, Oluehi again came to the rescue as Ngo Mbeleck’s chip appeared headed for the net.Both teams hung on in a tedious, tiring extra time, with players spending quality time on the floor.In the penalty shootout, Njoya Ajara and Raisa Feudjio scored for the Lionesses, with Onome Ebi and Rasheedat Ajibade netting for Nigeria, but Enganamouit’s effort was caught by Oluehi and after Oshoala scored to put Nigeria ahead, the tireless Ngo Mbeleck saw her kick fly past the goalpost.Defender Ngozi Ebere then put her effort firmly past goalkeeper Ngo Ndom to put Nigeria in the final and earn a ticket to the 2019 FIFA Women’s World Cup in France.In the other semi final match, goals from Thembi Kgatlana and a rocket from fullback, Ramalepe sealed the final spot for South Africa against Mali.Either the Lionesses of Cameroon or Mali can still qualify for the World Cup, depending on which of them win the losers’ final in Cape Coast on Friday.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more