US Energy Trade: Powering the Global Economic Recovery

US Energy Trade: Powering the Global Economic Recovery

More than a year has passed since the global COVID-19 pandemic was declared. While America, and particularly my home state of West Virginia, has made unprecedented strides in its recovery, there is still much to be done to get the global economy back on track. As the world recovers from the COVID-19 pandemic, it is […]

EIA US coal production, export, consumption forecasts rise for 2021

The US Energy Information Administration forecast coal production of 585 million st in 2021, up 8.6% from 2020 output of almost 540 million st, the EIA said April 6. In 2022, the EIA projected output of about 602 million st. Coal exports for 2021 were projected to total nearly 79 million st, up 13.6% from […]

US coal exports rose in February

Total US coal exports rose in February for only the second time in two years, reflecting improved market conditions over late 2020 and into early 2021. A total 7.4mn short tons (6.7mn metric tonnes) of coal departed US ports during the month, according to US Census Bureau data released today. That was up from 6.8mn […]

US thermal coal producers to benefit from increased demand – Moody’s

Credit rating company Moody’s Investors Service expects the earnings of US-based thermal coal producers to improve this year on the back of US coal consumption having increased by between 5% and 10%. This will also enable US thermal coal producers to generate stronger earnings and cash flow, facilitating modest debt reduction for certain stronger producers […]