News

The One Market That’s Sure To Help Coal

“Urbanization helps pull people out of poverty and advances progress towards the Millennium Development Goals,” The World Bank As still the world’s leading source of electricity (most critically, overwhelmingly so in all-important China and India) at 37-40% of all supply, and still generating 30% of U.S. power, coal is obviously not dead. But beyond electricity, […]

U.S. coal cargoes heading for China as Beijing takes aim with new tariffs

BEIJING (Reuters) – At least four cargoes of U.S. coal worth $30 million (£23.32 million) are headed to China as Beijing prepares to hit imports with hefty 25-percent tariffs, threatening a niche supply of the fuel even as China’s appetite for foreign coal shows no sign of abating. The vessels, carrying a combined 335,000 tonnes […]

Coal exports should grow, but uncertainties linger

The US coal export market is expected to stay strong through next year, but shifting international dynamics and domestic logistics hiccups could upset the outlook. New coal power plants outside the US, along with infrastructure constraints and domestic sales quotas in some countries, are helping to keep the worldwide supply and demand balance tight, coal […]

Developing world using more coal, offsetting cuts elsewhere

A decrease in coal consumption in the developed world will be matched by an increase in the developing world, according to major energy outlooks. Between 2015 and 2040, the Energy Information Administration predicts a 90% increase in coal demand in India and 80% in other countries in non-OECD Asia. Africa, the Middle East and South […]

Hampton Roads coal exports well off April high

Coal exports out of Hampton Roads, Virginia, fell again in July, extending a slide that has pushed shipments out of that key port down 19pc from a four-year high set in April. The port’s terminals handled 3.43mn short tons (3.11 metric tonnes) of coal last month, down from 3.56mn st in June and from 4.26mn […]

U.S. coal producer Foresight increases 2018 export target

Foresight Energy today increased its 2018 export target by 21pc after a stronger than expected second quarter. The Illinois basin coal producer now expects to ship at least 8.5mn st (7.7mn metric tonnes) internationally this year, up from its previous projection of 6.5mn st. Foresight also increased the low end of its sales guidance for […]

U.S. coal exports again move higher in June: Census data

Houston — US coal exports totaled 9.2 million mt in June, up 5.1% from May and up 38.6% from the year-ago month, according to US Census data out Friday.   Relatively high seaborne prices for both metallurgical and thermal coal, in addition to a possible ban on petcoke in India, have opened the door for US […]

U.S. coal exports continue rise

US coal exports rose by 38pc on the year in June, marking the 20th straight month of gains for US producers shipping abroad. International coal shipments from the US totaled 10.1mn short tons (9.16mn metric tonnes) in the month, up from 7.3mn st in June 2017. That topped May’s 9.65mn st in exports, but was […]

United States : Daines Defends Montanas Right to Export Coal to Asia

U.S. Senators Steve Daines, John Barraso, Shelley Moore Capito and James Inhofe introduced a bill clearing the way for construction of the Millennium Bulk Terminal, which would create hundreds of Montana jobs by expanding trade opportunities for Montana coal. The legislation clarifies that Section 401 of the Clean Water Act cannot be used as a […]