The rise in global petcoke prices does not seem to be slowing down, with a CFR East Coast India deal heard this week for April loading at $119/mt. While sources continue to say supply remains tight, many are hard pressed to believe deals are getting done at these levels. “Supply is still tight, and I […]
Dear Friends, We all are in coal business and we always follow domestic market and international news to make a correct decision. Earlier in this week, I have read a news report on pet coke and demand on US coal article published by Reuters and same has been republished by ET & Money control. You […]
Coal, which powers around three-quarters of India’s electricity, will continue to be the foremost energy source over the coming decades, government think-tank Niti Aayog said in its Three-Year Action Agenda released Thursday. It is important that India increases its domestic coal production to provide energy security and reduce its dependence on imports, it said. By […]
Coal prices’ march to eight-month highs, driven by China’s huge appetite for power consumption, looks like an interlude in a longer-term decline and is seen losing traction later this year. Investors widely anticipate a slow demise for coal use due to policies encouraging cleaner natural gas and renewable energy generation, but the shorter-term outlook for […]
Worldwide demand for coal decreased in 2016, for the second year in a row. Humans used 53-million tonnes of coal less than in 2015, according to this year’s statistical review of energy provided by BP. It’s a decrease of 1.7 per cent. It is the second-straight year that coal demand has declined. It is also […]
So it turns out global warming isn’t that bad after all. That’s exactly the conclusion Justin Ritchie doesn’t want the world to draw from the paper he just published. And for a good reason. It’s wrong. Ritchie, a Ph.D. candidate in resources and the environment at the University of British Columbia, was working as a […]
Despite all of the attention given to wind and solar power, the development and deployment of advanced coal technologies may be far more important in shaping our energy future. Consider where world energy use and research is headed. Coal, and other fossil fuels, remain the backbone of the global energy system and will remain so […]
India aims to auction coal blocks for commercial mining by end- December, coal secretary Susheel Kumar told television channel ET NOW on Thursday, a move that would end monopoly of state-run firms in coal mining. This could help the country to meet its target and produce 1 billion tonnes by 2020. Coal accounts for about […]
South Korean power generators are putting into action their stated plan to book more US thermal coal with approximately 1.5 million mt destined to arrive at Korean ports between July and September, said a market source Wednesday. All five Korean power utilities have purchased US thermal coal cargoes for Q3 delivery, and the specification of […]
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