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.
Novatek’s first floating transfer hub for LNG arrived in the Russian Arctic after a journey from South Korea & will export LNG to Europe.
QBO wind anomaly is developing over the Equator, which will impact winter weather along with the El Nino event in the upcoming 2023/2024 Winter season
South Africa to a power plant has faced setbacks due to criminal activity targeting the country’s rail system. The project, aimed at replacing coal truck deliveries, has been delayed due to vandalism and copper cable theft. In addition to the theft of copper cables, criminals are also targeting the rail system to promote truck usage.
North American Electric Reliability Corporation (NERC) warns that two-thirds of North America could face electricity supply shortages this summer due to increased demand for cooling during high temperatures.
With Australian PLV trading at a premium to CFR China, the arbitrage for Australian coal into China remains firmly closed.
Omnis Global Technologies in talks to convert West Virginia’s Pleasants Power Station, one of the state’s largest coal plants, into a clean energy facility powered by hydrogen.
A tornado struck the North Antelope Rochelle Mine during shift change, resulting in eight injuries and no fatalities
Fitch Ratings has revised its global metals and mining assumptions, resulting in reduced short-term prices for copper, aluminum, zinc, and 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.
I keep harping on TTF as the fulcrum for energy markets (coal and natgas), and the price has moved up over 65% from its lows on June 2
Construction weakness & seasonal influences in China & overcapacity of steel production and oversupply of finished steel the country.