U.S. EIA - Primary energy consumption in the United States reached a record high of 101.3 quadrillion British thermal units (Btu) in 2018, up 4% from 2017 and 0.3% above the previous record set in 2007. The increase in 2018 was the largest increase in energy consumption, in both absolute and percentage terms, since 2010.
Brent crude oil spot prices averaged $66 per barrel (b) in March, up $2/b from February 2019. Brent prices for the first quarter of 2019 averaged $63/b, which is $4/b lower than the same period in 2018. Despite lower crude oil prices than last year, Brent prices in March were $9/b higher than in December 2018, marking the largest December-to-March price increase since December 2011 to March 2012.
While U.S. coal consumption has generally declined since its 2008 peak, EIA expects that U.S. coal exports reached 116 million short tons (MMst) in 2018, the highest level in five years, based on foreign trade data collected by the U.S. Census Bureau
IEA - Energy demand worldwide grew by 2.3% last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions.
The South Korean government Tuesday gave its final approval to lower taxes on LNG used for power production by 75%, and raise those on thermal coal by 28% from April 1, in a move likely to boost downstream gas consumption.
The U.S. Energy Information Administration is expecting domestic coal-fired power generation this year to reach its lowest level in over 70 years.
IEEFA objects to Whitehaven Coal’s current application to open a new thermal coal mine north of Gunnedah in New South Wales, Australia.
Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last year.
Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January of last year.
BP - The 2019 edition of BP’s Energy Outlook, published today, explores the key uncertainties that could impact the shape of global energy markets out to 2040. The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid transition to a lower-carbon future.
JAPANTODAY - the Japanese government has shifted toward coal, with the construction of 50 new coal-fired power stations planned across the country since 2012.
WNN - Nuclear energy can help the European Union achieve a sustainable and low-carbon future while providing people with reliable and affordable electricity, Foratom - the European nuclear trade body - says in a new position paper.
POWERMAG - China continues to finance new coal plants in more than two dozen countries, even as the country has taken the lead in global renewable energy investment, according to a report from a U.S. group of energy analysts.
PLATTS - China's annual coal production in 2018 reached 3.55 billion mt, rising 5.2% year on year as the government replaced outdated production capacity with higher-quality coal supply, the National Bureau of Statistics said in a statement.
PLATTS - The government-appointed coal commission is finalizing recommendations this week for the phase-out of coal-fired power stations, which provide 35% of Germany's generation mix.