Economic fallout from Ukraine war could bring business to U.S. railroads: Analysis

Economic fallout from Ukraine war could bring business to U.S. railroads: Analysis

Russia’s self-inflicted economic recession resulting from the Ukraine war will likely undo more than a decade’s worth of economic progress, as other countries end dealings with the Russians.  For the U.S., this is an opportunity to increase exports, bolstering its relevance as a swing supplier. Coal and grains in particular are commodities that drive the […]

US coal exports to reach 3-year high amid war in Ukraine: EIA

Pointing to supply disruptions amid Russia’s war in Ukraine, the Energy Information Administration April 12 revised upward their 2022 US coal export projections to three-year high 89 million st. The estimated volume is 4.5% higher than 2021 exports and the highest since 92.9 million st in 2019, according to the EIA’s April Short-Term Energy Outlook. […]

US coal exports to reach 3-year high amid war in Ukraine: EIA

Pointing to supply disruptions amid Russia’s war in Ukraine, the Energy Information Administration April 12 revised upward their 2022 US coal export projections to three-year high 89 million st. The estimated volume is 4.5% higher than 2021 exports and the highest since 92.9 million st in 2019, according to the EIA’s April Short-Term Energy Outlook. […]

Rystad Energy: Coal prices soar to 200 year high

Coal prices are soaring, hitting US$462/t on 10 March, up from US$186/t on 23 February and likely to pass US$500/t this year, Rystad Energy research suggests. While most of Europe and the wider world have focused on how Russia’s war in Ukraine has impacted oil, gas and, more recently, nickel prices, relatively little has been […]

Coal making a comeback as Europe dilutes dependence on Russian natural gas

Coal is making a comeback amid the push for the increased use of clean energy by governments, including in the U.S., as Europe has been facing climbing energy costs as the war between Russia and Ukraine rages on.  In an interview that aired on “Varney & Co.” on Tuesday, National Mining Association CEO Rich Nolan argued that shutting down coal […]

U.S. coal exports increased 23% between 2020 and 2021

In 2021, coal exports from the United States increased by 23% to 85 million metric short tons (MMst) from 69 MMst in 2020. Steam coal exports increased by 47% to 40 MMst, and metallurgical coal exports increased by 8% to 45 MMst. In 2021, the percentage of domestic coal production that was exported rose to […]

EIA: US coal exports increased 23% between 2020 and 2021

In 2021, coal exports from the United States increased by 23% to 85 million metric short tons (MMst) from 69 MMst in 2020, according to the US Energy Information Administration (EIA). Steam coal exports increased by 47% to 40 MMst, and metallurgical coal exports increased by 8% to 45 MMst. In 2021, the percentage of domestic coal […]

US coal exports increase 23% between 2020 and 2021

According to the US Energy Information Administration (EIA), in 2021, coal exports from the US increased by 23% to 85 million short t from 69 million short t in 2020. Steam coal exports increased by 47% to 40 million short t, and metallurgical coal exports increased by 8% to 45 million short t. In 2021, […]

Ukraine Crisis Could Send Coal Prices To $500

While much has been written about the oil, gas, and nickel price spikes, the current global coal crunch has largely been overlooked. While coal demand had been waning for the last decade, Russia’s market share has increased just as coal becomes a key energy source again. Most of Europe’s best coal has already been extracted, […]

Coal’s on a comeback in energy-desperate Europe

Russia’s invasion of Ukraine has offered coal a European lifeline. Such a prospect would have seemed impossible only a few weeks ago. Before war broke out, European nations were rolling out increasingly ambitious plans to phase out the carbon-intensive fuel even as gas prices rose, power plants were going offline and some countries were exiting […]