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
Discovery Of 1 Billion Tons Of Reserves In Gangsu Oil Field Boosts Industry Confidence
China's scaling up of its oil and gas detecting and exploiting technologies has paid off as it has now added a significant amount to its geological reserves. PetroChina Changqing Oilfield Company, the regional branch of China's PetroChina, has discovered an additional 1 billion tons of oil from shale oil resources at its oil field in Qingcheng, Northwest China's Gansu province.
read more... 29/10/2019
Daily (21.10.2019): NBP spot jumped by 5.8% on Friday, due to unscheduled outages at the Forties oil and gas pipeline
Oil prices edged lower on Friday following data indicating that the Chinese economy registered the slowest growth in nearly three decades. Ongoing trade negotiations between China and U.S. and the rising amount in crude stockpiles also put pressure on prices. Hence, Brent crude dropped by 0.8% to end at $59.42 a barrel, while WTI futures lost 0.3% to settle at $53.78 a barrel.
read more... 21/10/2019
Poland's cleaner power imports pile pressure on coal energy
Poland is on track to import a record amount of electricity this year as power traders buy cheaper and cleaner electricity from neighboring countries, reducing demand for the mostly coal-fired energy produced by state-run utilities.
read more... 21/10/2019
Daily (04.10.2019): The EUAs hit a six-month low on Thursday, pressured by mounting recession concerns
Crude oil prices slightly diverged on Thursday. WTI futures edged down by 0.4% to $52.45 a barrel, amid mounting crude demand worries, after pessimistic services sector and job growth figures in the U.S. added to the bearish macroeconomic tone set by earlier weak manufacturing readings. A stall in the Euro zone business growth reported for September also kept market under pressure. However, losses were capped by data showing lower U.S. oil output in July. Meanwhile, Brent crude was a shade higher at $57.71 a barrel, on hopes that a positive development might occur in the U.S.-China trade talks when these will resume on October 10.
read more... 04/10/2019