Why Record-High Prices Won’t Drive A Recovery For U.S. Coal
Coal prices in the U.S. surged to an all-time high in March as Russia’s war in Ukraine and an economic rebound from the pandemic have sent demand for fossil fuels Continue Reading
Setting up national coal reserve no longer priority for Germany – sources
Germany is moving away from its plan to establish a strategic national coal reserve, sources from the government and industry told Reuters on Tuesday. The plan is no longer a Continue Reading
India expands coal mining to beat power crunch as heatwave blazes
India is boosting coal production to record highs in an effort to overcome a fuel shortage that has strained the power supply, leading to blackouts during a searing heatwave on Continue Reading
Power-hungry India halts passenger trains to free up track to move coal
India has boosted the output of coal and cancelled passenger trains to free up rail track to move it, officials said on Friday, as the government scrambles to overcome its Continue Reading
Record India heatwave raises power cut fears
A record-breaking “heat dome” across northwest India has worsened a severe shortage of coal for power generation and raised the risk of blackouts at hospitals in New Delhi, according to Continue Reading
Bankers Are Still Standing Behind the Dirtiest Fossil Fuel
Granted it’s still early in 2022, but signs are emerging that the amount of financing going to coal-related projects is running at a rate that’s more than double last year’s Continue Reading
China to cut coal import tariffs to zero from May 1
China will cut import tariffs for all types of coal to zero from May 1, 2022, until March 31, 2023, the finance ministry said on Thursday, as Beijing strives to Continue Reading
Russia’s gas supply cuts in Europe could fuel more US coal-to-gas switching
The US power market may be in for another wave of coal-to-gas switching this summer as potential replacement fuel demand from Western Europe drives global coal prices higher. Receive daily Continue Reading
China Orders Top Coal Region to Ensure Supplies to Coastal Hubs
China has called on its top producing province to guarantee thermal coal supplies to some of the industrial hubs on the coast threatened by power shortages. Miners in Shanxi have Continue Reading
Russia’s War Has Sparked A Coal Renaissance
It appears that the decline of coal, the dirtiest of all the fossil fuels, has been somewhat exaggerated in recent years, with the current energy shortage causing demand to soar. Continue Reading
Canada’s Ridley Terminals coal exports fall 44.5% on year
Met exports at six-year low for corresponding month Thermal coal shipments decrease 23.5% on month Coal exports from Ridley Terminals in British Colombia dropped to 373,310 mt in March, down Continue Reading
Pakistan looks for alternatives as South African coal remains out of bounds
Pakistan eyeing countries like Afghanistan, Tajikistan Domestic coal shortage hurts power supply CFR Pakistan 5,750 kg/kcal NAR coal at $366.05/mt April 20 Thermal coal buyers in Pakistan are looking for Continue Reading
India’s big industrial states plan massive coal imports to stave off shortages
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
India eyes Russian coal offered at steep discounted price amid domestic shortage
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 the burn Continue Reading
China’s daily coal output in March hits record high
China’s coal output rose 15% in March from the same month a year ago, with daily production climbing to a record, as Beijing urged miners to crank up operations to Continue Reading
China’s Banks Are the Last Big Players in Coal Company Financing
As the planet lurches toward catastrophic levels of warming, China’s biggest banks have been ratcheting up their financing of the dirtiest fossil fuel of all: coal. Chinese lenders have helped Continue Reading
China’s Q2 met coal supply seen limited, coking sector’s stocks dip: sources
China’s metallurgical coal supply is expected to remain limited in the second quarter of 2022, as coking sector’s inventories deplete and Mongolian coal suppliers face logistical hurdles, industry sources said Continue Reading
US coal exports to reach 3-year high amid war in Ukraine: EIA
Production estimated at the highest level since 2019 Gas loses stack share to coal amid high prices Pointing to supply disruptions amid Russia’s war in Ukraine, the Energy Information Administration Continue Reading
The EU’s Coal Ban Could Create A Domino Effect In Global Energy Prices
EU ban on Russian coal may lift prices of natural gas and electricity outside of Europe. China’s demand for thermal coal is rising amid a push for energy security. The Continue Reading
Japan to impose ban on Russian coal imports following G-7 pledge: PM
Highlights Reducing Russian coal imports in phases by finding alternative suppliers Japan steps into reducing overall Russia energy dependency including oil: PM Russia accounts for 11% of coal imports as Continue Reading
Russia says coal earmarked for Europe can be redirected to other markets
Kremlin spokesperson Dmitry Peskov said on Friday that coal was in high demand and that Russian coal earmarked for Europe would be redirected to other markets if the EU refused Continue Reading
European coal, German power prices rise on phased-in Russian coal embargo
Impacts quarter of Russian coal exports, Eur8 bil/year loss: EC German Cal trades at Eur197/MWh, year-ahead coal hits $230/mt European coal and German forward power prices rose further April 8 Continue Reading
EU agrees to adopt fifth sanctions package, including ban on Russian coal imports
Ban to apply to all forms of coal Amounts to Eur8 bil/year loss in revenue for Russia EU imports around 50 mil mt/year of Russian coal: Euracoal The European Council Continue Reading
EU Proposes Ban on Russian Coal Imports, Ships After Atrocities
Von Der Leyen Outlines New Sanctions on Russia Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here Continue Reading
EU’s full ban on Russian coal to be pushed back to mid-August -sources
European Union envoys are set to approve on Thursday a ban on Russian coal that would take full effect from mid-August, a month later than initially planned, two EU sources Continue Reading
Threat of EU coal embargo leaves Russia miners pinning hopes on shift to Asia
Russian coal producers may struggle to redirect volumes to Asian markets if the EU proceeds with a threatened total import ban, analysts and industry participants said. EU diplomats were this Continue Reading
India’s top utility NTPC’s annual coal imports expected to hit 8-year high
India’s top electricity producer NTPC Ltd’s (NTPC.NS) coal imports this financial year will be the highest in eight years despite near-record prices, two senior officials at the company said, as Continue Reading
EU Proposes Ban on Russian Coal Imports, Ships After Atrocities
Von Der Leyen Outlines New Sanctions on Russia Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here Continue Reading
Poland Wants Coal Use Beyond EU Net-Zero Date in Security Push
Poland signaled that it wants to use coal to produce electricity after 2049 to bolster its energy security, underscoring the challenge the European Union faces in its goal of achieving Continue Reading
India cuts coal supply, puts hold on auctions as inventories slump
India has cut coal supplies to the non-power sector and put on hold plans for some fuel auctions for utilities without supply deals due to a slump in inventories, even Continue Reading
India leans toward continued import of Russian coking coal -minister
India is leaning toward continuing to import coking coal from Russia, the steel minister said on Sunday, seeming to buck a global trend to shun Moscow over its invasion of Continue Reading
Coal to help solve EU energy crisis as trade patterns shift: shippers
Coal has seen lessening EU energy crisis CO2 emissions expected to rise this year Shippers aided by growing coal trade Coal will help solve the European Union’s current energy price Continue Reading
China’s seaborne thermal coal demand seen set to rebound on summer stockpiling, rail maintenance
Imports may rise ahead of railway maintenance in April Domestic coal output, logistics hindered by COVID-19 lockdowns Spot offers for 5,500 kcal/kg NAR exceed guidance at Yuan 1,600/mt China’s seaborne Continue Reading
Climate Impact From China’s Coal Push Visible From Space
China’s increased reliance on coal to combat an energy shortage was never going to bode well for its ambitions to cut planet-warming emissions. Now, thanks to new analysis of satellite Continue Reading
US coal production falls 5.5% on week: EIA
All basins decrease output as shoulder season approaches IB, CAPP production drop 8.1% each Weekly US coal production fell 5.5% on the week to 11.3 million st in the week Continue Reading
Chinese thermal coal demand tapers off as COVID-19 lockdowns hit again: sources
COVID-19 cases highest since the beginning of pandemic Buyers bidding up to $20/mt lower than offers: sources Indonesian coal supply tight, providing floor to prices Chinese thermal coal demand is Continue Reading
Coal Mining Emits More Super-Polluting Methane Than Venting and Flaring From Gas and Oil Wells, a New Study Finds
Methane emissions from coal mines worldwide exceed those from the global oil or gas sectors and are significantly higher than prior estimates by the Environmental Protection Agency and the International Continue Reading
US coal producers cannot ramp up to feed Russia’s European customers
Highlights Recent prices almost triple average Power plant regulations inhibit investment ‘A full suite’ of EPA rules in the works The global coal market cannot scale up to supply Russia’s Continue Reading
Coal still at heart of China energy strategy after parliamentary gathering
China will make full use of coal as a vital part of its energy strategy, leaders and officials said during the nation’s annual gathering of parliament this week, as it Continue Reading
China Spot Coal Prices Soar to Near Double Government-Set Cap
Spot coal prices in China surged this week amid fears of a tightening global market, nearly doubling a government-set cap for long-term supply to power plants. The price of physical Continue Reading
Australia’s record high thermal coal prices here to stay amid sweeping European demand
Australia’s thermal coal prices are expected to remain elevated in the near term as it finds new buyers in Europe amid the Russia-Ukraine conflict, while interest from Japan and South Continue Reading
Coal Country Court Case Could Transform America’s Climate Regulation
The U.S. Supreme Court is trying a case between West Virginia and the EPA, and it could send waves through the American climate regulatory system. Several legal observers have questioned Continue Reading
China to boost coal output, reserves to ensure power supply – NDRC
China will boost the production of more modern coal mines and enhance coal reserve capacity, and aims to increase the government-deployable storage to 5% of local consumption, the country’s state Continue Reading
Europe Turns To South Africa For Coal As It Shuns Russia
European buyers are scouring the world as far as South Africa to procure coal as Russia’s invasion of Ukraine and the threat of more sanctions on Moscow have made Russian Continue Reading
US coal export prices hit all-time highs
Coal prices rise across continents Russia/Ukraine conflict bolsters prices: broker Global energy prices rose sharply this week amid the Russia-Ukraine conflict, a trend that hit US thermal coal export prices Continue Reading
Germany May Extend Coal Use to Replace Russian Gas
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Germany is getting ready to prolong the use of coal as the Continue Reading
India aims to reopen discontinued coal mines; seeks private participation
India is looking to partner with private companies to restart mines that have previously been shut or had their production discontinued by state-run Coal India Ltd., or CIL, on a Continue Reading
Coal Miners Fear For Their Jobs As World Shifts To Renewables
The global energy transition is gaining speed, and many fossil fuel workers are worried about getting left behind. The latest in a long line of worldwide coal plant closures came Continue Reading
Central Appalachia coal production surges to nine-year high: EIA
Highlights Total US production hits two-year high Long-term price gains encourage production growth: Platts Analytics Central Appalachia weekly coal production surged to the highest level in over nine years, according Continue Reading
Banks Have Spent $1.5 Trillion On Coal Since 2019
Global leaders have made a number of ambitious climate pledges, but it hasn’t quite ushered in the death of coal just yet. Since 2019, commercial banks have dumped as much Continue Reading