Declining US coal-fired power demand, hit further by the coronavirus pandemic pressuring electricity demand, has pushed major coal basins into oversupply and utility stockpiles to multi-year highs, requiring producers to consider permanent cutbacks, B Riley FBR analysts said Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “While YTD US coal production is at its lowest level in decades, demand declines have been even sharper,” B Riley analysts Lucas Pipes, Daniel Day and Matthew Key said in a report. The combined impact of elevated coal stockpiles and subdued US electricity demand from the economic shutdown “has led to little-to-no activity in the spot market” and led some producers to expect to sell less than their contracted 2020 volumes, they said. “Even before the […]