Coal makes a comeback as Europe tries to avoid an energy emergency

Coal makes a comeback as Europe tries to avoid an energy emergency

In Europe, higher prices for natural gas have helped revive demand for an alternative that had, until recently, fallen out of favor: coal. Russia’s invasion of Ukraine, resulting European sanction, and the Kremlin’s decision to cut gas flows to the Continent have prompted a shift back to coal-fired power plants, despite the environmental impacts. “European […]

Factbox: Energy crisis revives coal demand and production

High natural gas prices and global competition for the fuel have driven more demand for thermal coal for power generation this year as countries try to wean themselves off Russian energy supplies and seek relatively cheaper alternatives. Some countries are reopening mothballed coal plants to secure enough energy for this winter, while others are boosting production as […]

US Hampton Roads coal exports inch higher

Coal exports out of Hampton Roads, Virginia, in September were slightly above year-earlier levels as one of the region’s terminals handled more coal. An estimated 2.66mn short tons (2.41mn metric tonnes) of coal were loaded for export at Hampton Roads last month, according to the Virginia Maritime Association. That was 3.6pc more than in the […]

US thermal coal exports rise to 4-month high

US thermal coal exports rose from year-earlier levels for the first time in four months in August, led by a gain in bituminous coal shipments to Europe. A total 3.46mn short tons (3.17mn metric tonnes) of steam coal departed US port districts in August, up from 3.3mn st a year earlier, US Commerce Department data […]

A low Mississippi River is about to deepen Europe’s energy crisis

The Mississippi River is a vital U.S. waterway that ferries key commodities between the heart of America and the Gulf Coast—and drought is putting waterborne trade in jeopardy. Drought depleted river levels so much that in some spots vessels are getting stuck. One shipping company said low water levels are causing severe impacts to navigation not seen […]

Hampton Roads coal exports rose again in August

Coal exports from Hampton Roads, Virginia, reached their third-highest level this year in August as some rail shipments accelerated and coal sellers filled orders made earlier in 2022. Terminals at the port loaded 2.91mn short tons (2.64mn metric tonnes) of coal last month, the Virginia Maritime Association estimates. That was 5pc lower than the 40-month […]

Increasing demand for US coal pushes workforce numbers up in Q2’22 — report

Total US coal production rose in the second quarter of 2022 compared to a year earlier, and a sustained rise in demand for the fuel used in domestic and power generation allowed companies to increase their worker head counts, S&P Global Market Intelligence reports. On a year-over-year basis, average employment rose 11.3% in the second […]

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%, […]

Increasing demand for US coal pushes workforce numbers up in Q2’22 — report

Total US coal production rose in the second quarter of 2022 compared to a year earlier, and a sustained rise in demand for the fuel used in domestic and power generation allowed companies to increase their worker head counts, S&P Global Market Intelligence reports. On a year-over-year basis, average employment rose 11.3% in the second […]