One of the largest energy sources in the world, which was once considered a substitute for coal, may have an even more detrimental impact on the environment than the energy sources it…
Month: April 2024
Russian coal exports to China hit 5-year high in July 2022
According to the General Administration of Customs of China (GACC), in July 2022, Russian exporters boosted coal supplies to Chinese consumers to 7.4 mio t (+1.3 mio…
European coal imports declined sharply in 2023
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Dec 2023, global seaborne coal loadings increased by +6.0% yo-y to 1,341.2…
Chinese coal demand may dampen Shell’s ambitious LNG forecast
Shell has come out with a bold forecast that global LNG demand will rise by 50% by 2040, largely on the back of China-led growth in Asia. But this looks optimistic given…
Russian coal suppliers abandon SUEK and Mechel export terminals
Amid economic sanctions imposed by the United States, the international market may be deprived in 2024 not only of the tonnage supplied by SUEK and Mechel, but also of the volume exported…
Ukraine imports of coal collapsed 3.5-fold YTD
In October, Ukraine imports have been almost brought to a halt after falling to nearly 50 thousand t of coal (-1.48 mio t or -96.8% y-o-y). Total…
Chevron Moves to Expand Giant Israeli Gas Field
Chevron has announced the start of the second phase of development at the Tamar gas field offshore Israel. Despite the ongoing war with Hamas, the U.S. supermajor is working to increase production…
Corn, Soybeans Recover From 3-Year Lows; Ample Supply Caps Gains
Chicago corn and soybean futures edged higher on Friday, with bargain-buying lifting prices after both markets dropped to their lowest levels in three years, although plentiful supplies arelikely to limit gains. Wheat…
Drought-stricken Spanish villages in crisis mode for several months
Numerous residents residing in rural areas relying on depleting wells are encountering challenges accessing consumable water. Driven by drought, Joan Torrent treks into the woods with empty jugs to collect water from…
Trump Can’t Stop Energy Transition
Former President—and current Presidential candidate—Donald Trump—won’t be able to stand in the way of the Energy Transition, John Kerry said on Tuesday at the International Energy Agency ministerial meeting. The U.S. Special…