Commodities 2023: US thermal coal exports may struggle amid self-sufficient Asia

US seaborne thermal coal exports are expected to remain slightly softer in 2023 as demand from Asia wanes and supply-side concerns take a back seat with the availability of additional Russian tonnages, market sources told S&P Global Commodity Insights. “Demand for US coal is surely depleting from South Asia and Southeast Asia, especially after how […]

Viewpoint: US steam coal exports shift to Europe

Europe may continue to dominate US thermal coal exports in 2023, as EU countries continue to block Russian coal and Moscow’s drastic cuts to natural gas supply keep gas prices elevated. But demand for high-sulfur coal may wane. Europe passed Asia as the primary destination for US steam coal exports in August for the first […]

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%, […]

CONSOL Energy’s Winning Streak Could Continue In 2023

Summary CONSOL Energy Inc. is up more 200% in 2022 thanks to the unprecedented surge in the price of coal that has led to record earnings and cash. With coal demand expected to stay elevated in 2023 and CONSOL Energy looking to ramp up production next year, it is likely that its strong financial performance […]

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 […]