RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-08-26 15:10:00

U.S. COAL DOWN

U.S. COAL DOWN

WORLD COAL - Thursday, 22 August 2019 - Moody's expects coal sector EBITDA to decline more than 3% over the next 12 months.

Thermal coal export prices have dropped, while economic, environmental and social factors will continue to weigh on demand from utilities.

Moody's has lowered the outlook for the North American coal industry to negative from stable, the rating agency says in a new report.

"Coal producers' profitability will worsen significantly over the next 12 - 18 months, driven by a substantive decrease in export prices for thermal coal, particularly in Europe, combined with meaningful open contract positions for some producers in 2020," says Benjamin Nelson, a Moody's VP-Senior Credit Officer.

The combination of a now-weakened export market and significant retirement of coal-fired power plants in 2018 is creating an oversupplied domestic market and could drive prices lower, especially if natural gas prices remain very low and coal producers attempt to maintain production near current levels, adds Nelson.

The longer-term outlook for North American thermal coal is also increasingly stressed, as a confluence of economic, environmental and social factors weigh heavily on demand from utilities. Moody's projects thermal coal volumes to drop significantly over the next decade as utilities switch to natural gas and renewable energy, which continues to benefit from government subsidies.

----- 

Earlier: 

 U.S. FOSSIL FUELS UP
2019, July, 2, 14:30:00
U.S. FOSSIL FUELS UP
Fossil fuels—petroleum, natural gas, and coal—have accounted for at least 80% of energy consumption in the United States for well over a century.
 
 COAL PRICES DOWN
2019, June, 24, 12:00:00
COAL PRICES DOWN
Prices for benchmark premium Australian coal out of Newcastle hit their weakest since September 2016 last week at $70.78 per ton and are likely to fall further given a slowing global economy.
 
 U.S. COAL IS CHEAPER
2019, June, 6, 14:50:00
U.S. COAL IS CHEAPER
The new analysis finds that, on average, the levelised cost of electricity from the coal fleet is less than the levelised cost of new natural gas combined cycle (NGCC), new wind and new solar.

 

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.

Tags: USA, COAL
Chronicle:
U.S. COAL DOWN
2020, February, 21, 12:08:00
GAS & LNG MARKETS, CONTRACTS & PRICING WORKSHOP
Singapore – Due to popular demand, the highly requested Gas & LNG Markets, Contracts & Pricing workshop is coming back to Singapore from 16th to 20th March 2020.
U.S. COAL DOWN
2020, February, 21, 12:00:00
NORWAY'S JANUARY PETROLEUM PRODUCTION 1.963 MBD
Norway's Preliminary production figures for January 2020 show an average daily production of 1 963 000 barrels of oil, NGL and condensate
U.S. COAL DOWN
2020, February, 21, 11:55:00
FRANCE'S NUCLEAR CHANGES
France's Fessenheim nuclear reactor, on the border with Germany, will be shut down at the end of June
U.S. COAL DOWN
2020, February, 21, 11:50:00
NETHERLANDS RENEWABLE INVESTMENT €5 BLN
The Netherlands is the European country with the lowest share of renewable in its energy mix with only 7.4% in 2018.
U.S. COAL DOWN
2020, February, 21, 11:45:00
PETROBRAS NET INCOME $10.2 BLN
Petrobras highlights of the 2019 result: - Adjusted EBITDA was US$ 32.7billion, an increase of 3.8% in relation to 2018, due to lower production costs and lower contingencies. - Net income reached US$ 10.2 billion, mainly reflecting gains with asset sales. - The adjusted net debt / LTM Adjusted EBITDA ratio increased to 2.41x, applying the effects of IFRS 16, from 2.20x in 2018. Once these effects were eliminated, the index would have been 1.95x. - The remuneration to shareholders in the form of dividends and interest on capital was R$ 10.6 billion, equivalent to R$ 0.73 per common andR$ 0.92 per preferred share in circulation.
U.S. COAL DOWN
2020, February, 21, 11:40:00
AUSTRALIA'S SANTOS NET PROFIT $674 MLN
Santos has delivered strong financial results with EBITDAX1 up 14% to a record US$2.5 billion and free cash flow1 up 13% to over US$1.1 billion. Reported net profitafter tax increased by 7% to US$674 million.
U.S. COAL DOWN
2020, February, 21, 11:35:00
NOVATEK'S PROFIT: +430%
Profit attributable to shareholders of PAO NOVATEK increased to RR 865.5 billion (RR 287.39 per share), or 5.3 times, as compared to 2018.
All Publications »