US thermal coal exporters recorded more than $5 billion in overseas sales in 2023, shipping upwards of 32.5 million metric tons of the high-polluting power fuel, according to Reuters, citing data from…
News
Ukrainian grain exports arise after the expiration of Black Sea Initiative
Ukraine’s grain exports have risen sharply in recent months, indicating continued strength in its agricultural sector. Ukraine’s grain exports are up sharply, even though the Black Sea Grain Initiative that used to…
Gold Miner Polymetal to Exit Russia in $3.7 Billion Deal
Precious metals miner Polymetal is looking for an exit from Russia in order to avoid nationalization or other forms of expropriation and agreed to sell its Russian unit in a deal valuing…
India’s coking coal imports at 5-year high; Russia now among top three suppliers
Australian coking coal’s share in imports down to 60% now from 75% five years back, the US second largest supplier. India’s coking coal imports are at a five-year high for the April-November…
Surging Electricity Demand Increases the Risk of Blackouts in the US
Back in the middle of 2023, the International Energy Agency reported that electricity demand is on the decline in advanced economies. The IEA said at the time that demand for electricity in…
Additional negative factors undermine Russian coal exports
Rail shipments of Russian coal to ports in January-February 2024 decreased to 30.5 mio t (-3.7 mio t or -10.8% y-o-y). Moreover, the main decline accounted for high-quality coal from Kuzbass and…
World demand for liquefied natural gas jumps 50% by 2040: Shell
British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fueled by China dumping coal. “Demand for natural gas has…
India To Boost Coal Power Capacity by the Most in Six Years
India expects to add a large chunk of coal-fired power capacity in 2024, which will be the largest yearly rise in its coal fleet in at least six years. Indian utilities will…
Kazakhstan Fines Oil Firm for One of the Largest Emissions of Methane in History
A state environmental agency in Kazakhstan has fined an oil company in the west of the country $780,000 over a prolonged fire at one of its fields last year that caused one…
U.S. coal fired generation capacity saw a significant shift in 2023
U.S. coal fired generation capacity saw a significant shift in 2023, marking a continued decline in the industry. Let’s dive into the latest stats and what this…