Global coal use is on course to hit all-time high this year, IEA says

KEY POINTS Global coal use is slated to increase by 1.2% to hit a record high this year, according to a report from the International Energy Agency. The price of fossil fuels has seen a substantial jump this year, the IEA says, “with natural gas showing the sharpest increase.” “This has prompted a wave of […]

U.S. Coal Exports To Europe Up 46% By Weight, 184% By Value

Europe is buying almost 50% more U.S. coal as winter approaches and the Russian invasion of Ukraine drags on, increasing the percentage of U.S. coal shipped to Europe to the highest level since 2016. The overall value of U.S. coal exports to Europe has risen significantly more, up 184.21%, according to the latest Census Bureau […]

4 Stocks to Watch From the Still-Attractive Coal Industry

The Zacks Coal industry stocks have staged a rebound courtesy of global demand after the pandemic-led lockdowns and surging natural gas prices.  Improving coal prices and demand boosted the profit levels of coal operators. Demand for coal might continue to improve for the next few years as clean energy sources may not be able to […]

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 […]

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 […]