Latest news
Mongolia exports 32.3 million tons of coal as of first ten months
Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.
read more... 12/11/2019
EIA: US net natural gas exports in 1H19 double year-ago levels for second year
From January through June of 2019, US net natural gas exports averaged 4.1 billion ft3/d, more than double the average net exports in 2018 (2.0 billion ft3/d), according to data in the US Energy Information Administration's (EIA) Natural Gas Monthly. The US became a net natural gas exporter (exported more than it imported) on an annual basis in 2017 for the first time in almost 60 years.
read more... 30/10/2019
How Russia is keeping global coal producers on their toes
Life is set to get even more difficult for major coal exporters with Russia planning to increase shipments of the fuel and the cost advantages appearing increasingly stacked in its favour.
read more... 24/10/2019
Daily (17.10.2019): NBP spot slumped by over 8% on Wednesday amid firmer Norwegian exports and lower gas-for-power demand
Speculations about a potential extension of crude supply cuts by OPEC and its allies as of December led to a recovery in crude oil prices on Wednesday. The greenback’s slide coupled with short covering in anticipation of an industry report on U.S. crude inventories also contributed to the market rally. Still, concerns over tighter crude demand and expectations for higher crude stocks in the U.S. limited gains. Against that backdrop, Brent crude rose by 1.2% to 59.42 USD/bbl, while WTI futures advanced by 1% to 53.36 USD/bbl.
read more... 17/10/2019
Russia blocks coal supplies to Ukraine through Belarus
Ukrainian MP Mykhailo Volynets, who serves as the chairman of the Independent Trade Union of Miners of Ukraine, has said that Russia has begun blocking coal exports to Ukraine via Belarus, Kosatka Media has reported.
read more... 11/10/2019