2019, October, 9, 13:20:00OIL PRICES 2019-20: $59-$57
EIA forecasts Brent spot prices will average $59/b in the fourth quarter of 2019 and then fall to $57/b by the second quarter of 2020,
2019, October, 9, 13:05:00JAPAN COAL RISKS $71 BLN
As much as $71 billion of Japanese coal assets could be at risk as the economic viability of plants is undermined by cheaper renewable energy, research by the University of Tokyo, Carbon Tracker and the Carbon Disclosure Project showed on Sunday.
2019, October, 4, 10:00:00U.S. COAL PRODUCTION DOWN 2.4%
U.S. coal production decreased 2.4% year over year to 756.2 million short tons (MMst). U.S. coal consumption decreased 4.0% from the 2017 level to 688.1 MMst. The electric power sector accounted for about 92.6% of the total U.S. coal consumed in 2018.
2019, September, 26, 13:30:00COAL FOR INDIA UP 28%
Indian power utilities imported 28.70 million mt of thermal coal over April-August, up 28% from the same period a year ago
2019, September, 25, 15:05:00WORLD ENERGY CONSUMPTION WILL UP BY 50%
the U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Most of this growth comes from countries that are not in the Organization for Economic Cooperation and Development (OECD), and this growth is focused in regions where strong economic growth is driving demand, particularly in Asia.
2019, September, 19, 14:10:0080%: U.S. FOSSIL FUELS ENERGY
The share of U.S. total energy consumption that originated from fossil fuels has fallen from its peak of 94% in 1966 to 80% in 2018. The total amount of fossil fuels consumed in the United States has also fallen from its peak of 86 quads in 2007. Since then, coal consumption decreased by 10 quads and petroleum by 2 quads, more than offsetting a 7 quad increase in natural gas consumption.
2019, September, 18, 18:00:00INDIA'S COAL PRODUCTION UP
India is projected to produce roughly 815 million mt in fiscal year 2019-2020, up from 730 million mt in FY 2018-2019,
2019, September, 11, 11:55:00OIL PRICES 2019-20: $60-$62
Brent crude oil spot prices averaged $59 per barrel (b) in August, down $5/b from July and $13/b lower than the average from August of last year. EIA forecasts Brent spot prices will average $60/b in the fourth quarter of 2019 and $62/b in 2020. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020.
2019, September, 5, 14:55:00CHINA'S NUCLEAR POWER UP
The share of nuclear power generation in China has picked up over the last three years, and nuclear power growth will displace thermal coal in China by 22 million mt in 2019, Citi analysts said in a note Thursday.
2019, September, 4, 18:05:00INDIA, RUSSIA TRADE: $30 BLN
India and Russia are targeting $30 billion of annual trade by 2025, India’s foreign secretary said on Wednesday as a string of energy deals deepened economic ties between the nations.
2019, August, 30, 10:25:00GERMANY'S COAL AID $45 BLN
The draft law envisages state aid totaling 40 billion euros ($45 billion) spread over the next 20 years, mostly to four regions affected by the plans to phase out coal by 2038 - part of Germany’s transition to renewable energy, known as the ‘Energiewende’.
2019, August, 28, 12:50:00RUSSIA'S COAL: UP TO 550 MMT
Russian thermal coal production is set to grow over 100 million mt by 2035, as the country looks to invest in new coal infrastructure and focus increasingly on the growing Asia-Pacific region, President Vladimir Putin said in a meeting with heads of coal mining regions last week.
2019, August, 28, 12:45:00CHINA'S COAL IMPORTS UP
China's July thermal coal imports, including lignite, jumped 20% from 20.44 million mt a year ago to 24.42 million mt,
2019, August, 28, 12:25:00U.S. COAL PRODUCTION DOWN
Coal use in the U.S. electric power sector has decreased as overall electricity demand has remained relatively flat and other fuels—particularly natural gas and renewables—have gained market share.
2019, August, 26, 15:10:00U.S. COAL DOWN
Moody's has lowered the outlook for the North American coal industry to negative from stable, the rating agency says in a new report.