Coal News & Price Data – July 21, 2023 – European Gas Markets Heat Up
European natural gas prices rose 3.9% as traders considered extreme heat and concerns over reduced Russian fuel supplies.
Europe
Coal News & Price Data – July 20, 2023 – Xi Refuses to Meet with Kerry
Chinese President Xi Jinping made it clear that China will not allow its path to curb emissions to be dictated by others.
Coal News & Price Data – July 7, 2023 – Dry Bulk Facing Challenges in Q3
The dry bulk shipping market is expected to face challenges in the third quarter due to China’s sluggish economic recovery and weak commodity demand.
Coal News & Price Data – July 5, 2023 – New LNG Storage Hub
Novatek’s first floating transfer hub for LNG arrived in the Russian Arctic after a journey from South Korea & will export LNG to Europe.
Thoughts on Thermal Coal
European coal price have found a footing in the $110-120/mt range as natural gas supply sees uncertainty in absence of Russian flows.
South African Transnet Strike
South African Transnet Strike at South Africa’s port and freight rail operator Transnet began on October 6 and is set to worsen.
The Heating Season Started Early in Germany
The Heating Season Started Early in Germany. Everyone is waiting to see how bad the energy crisis gets in Europe.
Germany’s Steag ready to bring back 2.3 GW of coal capacity
Germany’s Steag to bring back 2.3 GW of coal capacity. They’re demanding permissions be prolonged to 2024, and not tied to gas scarcity.
Wood is now Europe’s Largest “Renewable” Energy Source
Wood is now Europe’s Largest Renewable Energy Source. Burning wood pellets is the largest source of renewable energy ahead of wind and solar.
EU Power Market Reform coming Sept. 14
EU Power Market Reform coming Sept. 14. Reduce overall power demand, price caps on non-gas generation, and subsidize consumers.