Utility stockpiles sufficient for seven days Rangebound freight may be aiding trades: trader Buyers benefit from elevated spot market tariff Indian thermal coal buyers have started to pay very high Continue Reading
India’s power minister has told states to step up coal imports for the next three years, four sources told Reuters, reporting remarks that imply prolonged support for already elevated global Continue Reading
The timing could not have been better: Indian coal importers have been scouring for cargoes in a tight and expensive global market, and along comes an opportunity to access precious Continue Reading
Russian and Indian officials met last week in an effort to resolve an impasse over the shipping of coking coal to Indian steelmakers, which has dried up since March over Continue Reading
India proposed a battery-swapping program to expedite the adoption of electric scooters and rickshaws as it tries to curb pollution and tackle climate change. The policy, which will be valid Continue Reading
Indian private conglomerate Reliance Industries has purchased at least 15 million barrels of discounted Russian crude since the start of the Russian invasion of Ukraine, Reuters reported on Friday, citing Continue Reading
The Indian states of Punjab, Uttar Pradesh and Andhra Pradesh have been forced into blackouts as of Thursday as power supplies are cut off due to a major increase in Continue Reading
Coal shortage threatens to exacerbate energy, food inflation Nomura warns of ‘stagflationary shock,’ drop in factory output An already sweltering summer and acute coal shortages are triggering blackouts across parts Continue Reading
Three of India’s most industrialized states plan to import 10.5 million tonnes of coal in coming months as officials scramble to arrest widespread power cuts, a move that could push Continue Reading
Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of burn Payment Continue Reading
