Analysis: Interim Deal Brings Relief to US Coking Coal (Argus)

US coal mining firms — having contended with coking coal prices at three-year lows in 2019, a string of chapter 11 bankruptcy filings and mine closures — welcomed yesterday’s signing by the US and China of the “phase-one” trade deal. China agreed to more than double its energy purchases — LNG, crude, products and coal […]

West Virginia Governor, Putting Trump’s Name on the Line for Re-Election, Says He’s Been Asked to Help Pitch Coal to China (Metro News)

West Virginia Governor Jim Justice filed the official paperwork for President Donald Trump to be on West Virginia ballots and also told media the story of an outreach duty the president gave him on a telephone call yesterday. Trump on Wednesday signed an economic deal that commits China to buy an additional $200 billion in […]

Washington governor is hurting environment, helping Putin

Failed Democratic presidential candidate and Washington state Gov. Jay Inslee is abusing the Clean Water Act and taking energy projects hostage. Instead of protecting the environment, he is playing into the hands of Russian President Vladimir Putin. Putin uses energy as an international political weapon. Russia is building two new natural gas pipelines from Siberia. […]

Gordon still undecided over legal response to blocked coal export terminal

Wyoming could still sue Washington in the ongoing battle over a coal export terminal. Gov. Mark Gordon continues to mull an original lawsuit against Washington after the state blocked the construction of the largest coal export terminal on the West Coast, he said in an interview with the Star-Tribune. “I’ve asked Attorney General (Bridget) Hill […]

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 […]

Seaborne thermal coal trade to hit 1 bil mt in 2019 as new growth areas emerge

Ho Chi Minh — A tenuous supply and demand balance is expected in the global seaborne thermal coal market in 2020 as trade dynamics shift and new growth areas emerge, speakers at the CoalTrans Conference in Vietnam said Tuesday. Seaborne trade for thermal coal, the most widely used fuel for generating electricity, is expected to […]

Consol executives see thermal coal export market improvement, tout positioning

Amid weakened export pricing, reduced domestic demand and a recent slew of bankruptcies, Consol Energy Inc. executives touted the coal miner’s position as a consistent force in the international market as well as its flexible financial situation to handle challenging market conditions. The price on thermal and metallurgical export coal has dropped significantly this year, […]

EU coal imports continue to decline in August

Weak coal burn kept net EU thermal coal imports at historic lows in August and poor margins for generators are likely to have restricted receipts since then as well. Positive clean dark spreads for base-load generation during the peak winter months may support a modest recovery in coal burn and imports, but the potential for […]

EU thermal coal imports at lowest this century

Intense competition from natural gas cut the EU’s net monthly thermal coal imports to their lowest this century in July, according to provisional Eurostat data. Net EU thermal coal imports from countries outside of the region fell by 3.7mn t on the year to 5.5mn t in July. This was down from 5.7mn t in […]