European energy crisis could bolster Virginia coal exports

European energy crisis could bolster Virginia coal exports

As much of Europe faces an energy crisis, some countries are shifting away from natural gas energy and toward coal energy, which could help bolster the Virginia economy through coal exports from the commonwealth’s ports. “With the energy issues in Europe, we anticipate Virginia’s coal exports will likely increase further, but so will Europe’s demand […]

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 […]

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 […]

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 […]

US Coal Exports Rise in Q2’22 Amid Global Energy Crisis

U.S. coal exports rose in the second quarter as demand and prices remained elevated amid a global energy crisis. Shipment volumes increased 14.8% quarter over quarter to 21.6 million tonnes and climbed 4.6% year over year, according to S&P Global Market Intelligence data. The global coal market has become tight as several countries shunned supplies […]