Hampton Roads coal exports inched up in December

Hampton Roads coal exports inched up in December

Coal exports out of Hampton Roads, Virginia, inched above year-earlier levels for the first time in three months in December. Terminals in the port district handled 2.38mn short tons (2.16mn metric tonnes) of coal for export last month, which was 0.1pc more than in December 2021, data from the Virginia Maritime Association show. The slight […]

4 Coal Stocks to Watch From the Challenging Industry

The Zacks Coal industry stocks staged a rebound in 2022 courtesy of global demand and surging natural gas prices. However,  in 2023 demand for coal may suffer due to lesser coal utilization in the United States to produce electricity, planned retirement of coal units and utilization of more renewable sources for electricity generation. The ongoing […]

Commodities 2023: US thermal coal exports may struggle amid self-sufficient Asia

US seaborne thermal coal exports are expected to remain slightly softer in 2023 as demand from Asia wanes and supply-side concerns take a back seat with the availability of additional Russian tonnages, market sources told S&P Global Commodity Insights. “Demand for US coal is surely depleting from South Asia and Southeast Asia, especially after how […]

Viewpoint: US steam coal exports shift to Europe

Europe may continue to dominate US thermal coal exports in 2023, as EU countries continue to block Russian coal and Moscow’s drastic cuts to natural gas supply keep gas prices elevated. But demand for high-sulfur coal may wane. Europe passed Asia as the primary destination for US steam coal exports in August for the first […]

S&P report: U.S. coal production, employment rose in Q2

U.S. coal production rose in the second quarter compared to a year earlier, according to S&P Global market data. A sustained rise in demand for coal used in power generation also allowed companies to hire more workers. On a year-over-year basis, average employment rose 11.3% in the second quarter, and coal volumes improved about 2%, […]