Coal News

Source: Reuters

U.S. exports of steam coal reached 5-year high in 2023

Oil Price


Lower domestic coal consumption and higher demand in Asia pushed U.S. exports of thermal coal in 2023 to the highest level since 2018, Reuters reported on Thursday, quoting data from ship-tracking firm Kpler.

The United States exported last …

February 1, 2024 - 1:30 pm Closing Bell Story‎, Coal News, Energy News
Source: Oil Price

Global coal demand is set to hit a record high in 2023

Oil Price


Global coal demand is set to rise by 1.4% this year and surpass a record-high level of 8.5 billion tons for the first time, the International Energy Agency (IEA) said on Friday. While coal demand in the United …

December 15, 2023 - 12:30 pm Closing Bell Story‎, Coal News, Energy News
Source: Reuters

Michael Bloomberg pumps $500 million into bid to close all US coal plants

Yahoo Finance


UNITED NATIONS – Former New York City Mayor Michael Bloomberg announced on Wednesday he will pump $500 million into the next phase of his energy transition campaign, aiming to shut down “every last” coal plant in the United …

September 20, 2023 - 12:30 pm Closing Bell Story‎, Coal News, Energy News
Source: Oil Price

Soaring coal prices push traders to seek private funding

Oil Price


Surging coal prices amid high demand and a lack of Russian coal imports has pushed European traders toward private funds to finance coal shipments, traders and private fund managers tell Bloomberg.

 

Coal prices in Europe have …

Source: Reuters

Shocked by gas bills, thrifty Dutch stockpile coal, wood for winter

Yahoo


VEENENDAAL, Netherlands – The budget-conscious Dutch, who enjoyed abundant cheap gas for half a century to heat their homes, are turning to more traditional heating methods as cold weather reaches the Netherlands.

 

Sales of coal, wood and pellets …

Source: Reuters

Coal rush! Energy crisis fires global hunt for polluting fuel

US News


DAR ES SALAAM  – The sleepy Tanzanian port of Mtwara mainly dealt in cashew nuts until late last year. Now it bustles with vessels loading up with coal, as Russia’s invasion of Ukraine drives a worldwide race for …

Source: Reuters

Exclusive: Biden EPA to tackle coal industry carbon with rules on other pollutants

Yahoo News


GUAYAMA, Puerto Rico – The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation’s remaining coal-fired power plants, after the Supreme Court …

July 29, 2022 - 12:00 pm Carbon Capture, Closing Bell Story‎, Coal News, Energy News
Source: CNBC

Coal investments set to rise 10% this year as nations fret over energy security

CNBC


Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 trillionwith a notable uptick for coal supply chains, but far more money will be required if climate-related goals are to …

Source: Reuters

Europe may shift back to coal as Russia turns down gas flows

US News


FRANKFURT/MILAN – Europe’s biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are …

Source: Reuters

Analysis: U.S. coal companies struggle to cash in on Europe crunch

Yahoo Finance


WASHINGTON – U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in …

Source: Reuters

Balkans turns to coal as energy crisis trumps climate commitments

Investing


OSLOMEJ – Balkan nations in southeast Europe are turning to coal as they try to tackle a global surge in energy prices, raising fears among environmentalists that countries are rowing back on commitments to phase out the most polluting …

Source: Reuters

China’s daily coal output in March hits record high

Nasdaq


BEIJING – 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 ensure steady market supply.

China churned out …

Source: Reuters

Coal to make up 85% of total U.S. power capacity to be retired in 2022 – EIA

Nasdaq


Jan 11 – Coal-fired plants will account for about 85% of total U.S. power capacity scheduled for retirement this year with natural gas and renewables taking a greater share of the supply, the U.S. Energy Information Administration said on …

January 11, 2022 - 1:30 pm Closing Bell Story‎, Coal News, Energy News
Source: CNBC

Coal-fired power generation on track to hit all-time high this year, IEA says

CNBC


Coal-fired power generation is due to hit an all-time high this year, according to a report from the International Energy Agency, with the organization’s executive director calling for urgent action to mitigate emissions from the sector.

The IEA’s report, …

December 20, 2021 - 12:30 pm Closing Bell Story‎, Coal News, Energy News, Power Generation
Source: CNBC

Coal is ‘king’ as gas prices soar, Total CEO says — and it’s backfiring on cleaner energy goals

CNBC


Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grapples with worsening gas shortages.

TotalEnergies CEO Patrick Pouyanne on Wednesday stressed …

Source: World Oil

Biden’s net-zero climate policies drive a 23% hike in U.S. coal usage

World Oil


NEW YORK (Bloomberg) –Donald Trump vowed to revive the coal industry, but it’s President Joe Biden who’s driving a big comeback of the dirtiest fossil fuel.

U.S. power plants are on track to burn 23% more coal this …

Source: Reuters

China digs in on coal, oil gains as energy crisis deepens

Reuters


China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for the most polluting fossil fuels to keep factories open and

Source: Reuters

Oil rises as global energy crunch takes hold

Reuters


LONDON – Oil prices rose on Friday to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs and prompted China to demand increased coal production.

Energy markets have …

Source: bloomberg.com

Today’s global energy crisis is just the first in the “clean power” era

World Oil


(Bloomberg) –The world is living through the first major energy crisis of the clean-power transition. It won’t be the last.

The shortages jolting natural gas and electricity markets from the UK to China are unfolding just as demand …

Source: Reuters

Fossil fuel demand shakes off pandemic in blow to climate fight

Reuters


LONDON – Demand for coal and natural gas has exceeded pre-COVID-19 highs with oil not far behind, dealing a setback to hopes the pandemic would spur a faster transition to clean energy from fossil fuels.

Global natural gas shortages, …

Source: Reuters

COLUMN-Developing nations need help to quit coal addiction: Kemp

Reuters


LONDON – Coal-fired power plants are proving hard to shutdown in developing economies because they are cheap and convenient, but keeping them going is pumping out carbon dioxide at a rate far beyond the level needed to achieve net …

Source: Reuters

EIA says U.S. 2020 coal output lowest since 1965

Reuters


The Energy Information Administration (EIA) on Wednesday said U.S. coal production fell in 2020 to its lowest level since 1965 due to low global demand in the wake of the coronavirus pandemic.

The federal agency said in a report

July 14, 2021 - 12:30 pm Closing Bell Story‎, Coal News, Energy News
Source: Nasdaq

EU, U.S. sow seeds for climate cooperation, dodge coal’s end date – draft

Reuters


BRUSSELS/WASHINGTON – The United States and European Union will pledge closer cooperation on fighting climate change at a summit on Tuesday, but will steer clear of setting a date to stop burning coal, according to a draft joint statement.…

June 15, 2021 - 11:00 am Closing Bell Story‎, Coal News, Crude Oil News, Energy News
Source: CNBC

China has ‘no other choice’ but to rely on coal power for now, official says

CNBC


BEIJING — China has ambitious goals for cutting its carbon emissions, but it won’t be abandoning coal power anytime soon as it keeps its eye firmly on economic targets.

President Xi Jinping said in September that the country’s carbon …

Source: Reuters

Australia shies from backing net zero by 2050 ahead of Biden climate summit

Reuters


CANBERRA – Australian Prime Minister Scott Morrison stopped short of endorsing a 2050 target for net zero greenhouse gas emissions ahead of U.S. President Joe Biden’s climate summit this week.

In a speech on Monday, he said only that …

Source: Reuters

Column: India may join net-zero emissions club, but membership won’t be easy

Reuters


LAUNCESTON, Australia- India may be the last major climate change domino to fall into place as the government considers setting a target to reach net zero carbon emissions, in line with similar moves by other major polluters.

India is …

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S&P Global Platts Opens Consultation on Inclusion of WTI Midland Crude in Dated Brent

S&P Global Platts Opens Consultation on Inclusion of WTI Midland Crude in Dated Brent…

December 3, 2020 - 2:31 pm Coal News, Press Releases
Source: Reuters

Poland should scrap coal and energy plan, environmentalists say

Reuters


WARSAW  – Poland should scrap a plan to merge state-run energy groups after they have shifted coal assets into a separate entity because it won’t deliver on EU climate targets, a report by environmentalist group ClientEarth and think tank …

November 25, 2020 - 12:30 pm Closing Bell Story‎, Coal News, Energy News, International
Interregional electricity trade in India affects shares of solar and coal-fired generation

Interregional electricity trade in India affects shares of solar and coal-fired generation

EIA

With more than 1.3 billion people, India is the second-most populous country in the world and has the third-highest energy consumption level after China and the United States. To help meet the country’s energy needs, India is expanding its …

Hopes dim for Australian coking coal as China digs in – what does that mean for steel production in China?

Hopes dim for Australian coking coal as China digs in – what does that mean for steel production in China?

Argus

Oil & Gas 360 Publishers Note: Steel production in China will have a major supply issue and price increase. – This will be one issue that will effect steel production and other markets in China. – One to watch. 

November 11, 2020 - 7:15 am China, Coal News, International, Oil and Gas 360 Publisher Note: