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With Chinese demand for seaborne coal stalling, India has become the great hope of the seaborne coal market....Read More »
Norway's previously long-standing cordial relations with Russia have
deteriorated to the point that there is a real chance that simmering feelings
could escalate, leading to a breakdown of cooperation in the oil and gas
Oil futures settled lower Tuesday as a stronger US dollar and slowdown in
the US oil rig count outweighed the risks from persistent fighting in the
Amid the global fall in oil prices, Ecuador is negotiating deferral of
payments to private oil companies it has pledged to pay fees per extracted
barrel, the oil ministry reported Monday.
Chinese LNG imports gained 12% year on year to reach 1.5 million mt in
April, General Administration of Customs data released late Tuesday showed.
A recent favorable decision by the US Department of Energy means a
proposed project designed to export up to 10 million mt/year of LNG from the
coast of Nova Scotia needs only two more export permit approvals, the project
developer said Tuesday, adding it continues to target first gas in early 2020.
Dutch and German prompt prices inched up Tuesday morning as industrial
demand returned after a long weekend.
By midday UK time, the TTF day-ahead contract for Wednesday last traded
7.5 euro cent higher day on day at Eur20.575/MWh, while corresponding German
GASPOOL and NetConnect were respectively 32.5 euro cent and 12.5 higher on the
day, both at Eur20.775/MWh.
The global value of carbon pricing instruments stands at $48 billion in
2015, according to a report released Tuesday by the World Bank Group and
consulting company Ecofys.
Wholesale power costs for the first four months of 2015 rose nearly $10
to $64.10/MWh in the PJM Interconnection from $54.29/MWh in January, a
reflection of high demand and energy costs in February, grid operator
spokesman Ray Dotter said Friday.
Germany on Friday sold 3.198 million carbon dioxide allowances at auction
for Eur7.25/mt ($8.11/mt) -- a fresh three-week low.
Strong demand for imported fuel grade petroleum coke (petcoke) was being
seen in India, but higher landed costs were making buyers wary of concluding
deals, sources said this week.
Poor market conditions are preventing Alliance Resource Partners from
bringing online nearly 5 million st of thermal coal this year at several
operations, including its new Gibson South underground mine in southern
Indiana, according to Joseph Craft III, the company's president and CEO.
Colombian coal output in the first quarter of 2015 fell 5% year-on-year
to 23.2 million mt, due to the ongoing nighttime rail restriction on the
Fenoco coal railway, the country's national mining agency (ANM) said late
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