World coal consumption - less than ever

09/11/2015 10:00

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Global consumption of coal, the most polluting fuel has registered its biggest decline in history.

This historic fall was caused by rising renewable energy uptake, a weak global energy demand, and China’s battle against pollution. Coal business has been hit hard by the increasing numbers of power plants switching from using coal to using natural gas for power generation. According to a report published by Greenpeace, global coal consumption is down in a range from 2.3% to 4.6% from January to September this year, if compared to the same period of last year. China has reduced its coal consumption by 4% this year, while coal imports fell more than 31%. Meanwhile, in the US, coal registered an 11% decline in the first seven months of this year. In Europe, the biggest regress was seen in the UK, where the coal use fell by 16%, aiming to become entirely “clean” by 2020, followed by Germany which registered a 0.9% decline.

9 Traits of Highly Effective Energy Consultants [Infographic]

20/09/2017 10:30:00

Procuring energy and managing related risks presents businesses with unique challenges unlike any other goods or services they purchase. Besides, energy commodity prices can be extremely volatile. They can go up and down and are susceptible to unpredictable price increases. They’re also governed by a complex set of rules and inter-relationships.

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Global energy consumption to rise by 28% between 2015 and 2040

19/09/2017 13:59:00

By the year 2040, global energy consumption might increase by 28%, as forecasted by the US Energy Information Administration (EIA).

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Kazakhstan will get from Vitol up to $5 billion for oil deals

19/09/2017 13:15:00

Commodity trader Vitol has increased its export prepayment loans to state oil companies in Kazakhstan to US$5 billion, reinforcing its position in extracting Kazakh oil at a moment when the production of the central Asian nation might grow, as reported by Financial Times on Monday.

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