German coal imports could fall 10% in 2019 in face of rising renewable power

19/07/2019 08:51 Coal

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Germany’s hard coal imports may fall for the fourth year in a row this year and by around 10% from 2018 levels, importers’ group VDKi forecast on Thursday, citing competition from renewable energy and slack demand from steelmakers.

Germany’s position as Europe’s biggest coal importer has an influence on global coal trade flows and prices at landing ports.

 

VDKi forecast imports of between 39 million and 43 million tonnes in 2019 compared with 46.7 million in 2018, revising a January forecast for higher volumes this year, which had been based on the final closure of domestic mines.

Source: reuters.com

Daily (12.09.2019): WTI crude lost almost 3% on Wednesday, on news that U.S. might ease sanctions on Iran

12/09/2019 11:31:00

Crude oil prices declined on Wednesday, as U.S. administration could ease sanctions against Iran, thereby inflate global supplies. At the same time, both OPEC and EIA slashed demand forecasts this week. Consequently, WTI crude dropped by 2.9% to $55.75 a barrel, while Brent oil decreased by 2.5% to $60.81 a barrel.

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Poland's energy minister says power prices must stay under control

12/09/2019 08:52:00

Poland’s energy minister, Krzysztof Tchorzewski, said on Wednesday that the country would have to maintain controls on electricity prices to secure economic competitiveness.

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UK Dechra's Croatian unit opens 1.5 mln euro solar power plant

12/09/2019 08:48:00

Croatian drug maker Genera, a subsidiary of UK veterinary pharmaceuticals firm Dechra, has officially opened a 1.3 million British pounds (1.5 million euro) solar power plant which will meet a third of the electricity needs of its manufacturing facility in Zagreb, Dechra said on Wednesday.

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