EU coal demand to fall as imports reach 30-year low

EU coal demand to fall as imports reach 30-year low

Net thermal coal imports to the EU collapsed to a three-decade low in February and will continue to languish this summer, as a glut of natural gas and efforts to restrict the spread of Covid-19 thwart any prospect of a significant demand recovery in the near term. Net thermal coal imports among EU members from […]

U.S. energy exports reached record level in 2019

Energy exports from the United States rose to a record high of 23.6 quadrillion British thermal units (quads) in 2019 — the first time in 67 years that annual U.S. gross energy exports exceeded U.S. gross energy imports, according to the U.S. Energy Information Administration (EIA). The EIA recently released its Monthly Energy Review that […]

Thermal coal demand declining globally, driving fewer imports, production: analysts

Thermal coal demand is declining globally and forcing cutbacks of imports and production, driven by lower power-sector coal demand resulting from the coronavirus pandemic, analysts said. “After some delays compared with other commodities, the steam coal market seems to finally grasp the magnitude of the impact of the Covid-19 on the international demand,” Perret Associates […]

US thermal coal exports climb to nine-month high: Census

US coal exports rose to 6.19 million mt in February, as thermal exports climbed to a nine-month high, while metallurgical exports fell to a three-year low, Census Bureau data showed. February’s exports were up 9.5% from the three-year low 5.66 million mt in January and 1.8% higher than the 6.08 million mt exported in the […]

US steam coal exports broke downward trend in February

US thermal coal exports rose on a year-over-year basis for the first time in 13 months in February. A total 3.27mn short tons (2.96mn metric tonnes) of steam coal was shipped from US ports during the month, up from 3.12mn st a year earlier, although February 2020 had an extra day. Gains were made in […]

Millennium coal terminal project loses another appeal

Millennium Bulk Terminals has lost another appeal in its effort to build a new coal export terminal in Washington state. A three judge panel of the Washington State Court of Appeals yesterday ruled that the state Shoreline Hearings Board properly upheld a hearing examiner’s decision to deny Millennium’s substantial use and conditional use shoreline permit applications. Millennium […]

Westshore Terminals sees highest quarterly coal exports in two years

Westshore Terminals reported 8.3 million mt of coal exports in the third quarter, up 9.2% from Q2 volumes and 5.1% higher than the year-ago quarter, the company reported last week. It was the second highest amount in the last five years for the terminal, which is the located near Vancouver, British Columbia. The terminal handled […]

US Met Coal Exporters Lean to Asia as EU Flags

US coking coal exporters continue to lean more heavily toward Asian markets in an attempt to offset flagging European demand, while Turkey and Brazil also struggle to provide much uplift. The latest data from the US Census Bureau show 26.6pc of September’s coking coal exports heading to Asia, up from a 13.5pc share a year […]