Tuesday, March 18, 2025
Analysis: U.S. coal companies struggle to cash in on Europe crunch- oil and gas 360

Analysis: U.S. coal companies struggle to cash in on Europe crunch

Yahoo Finance WASHINGTON – U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in new mines. The outlook means the United States, which holds the world’s biggest reserves of coal, is unlikely to play

Balkans turns to coal as energy crisis trumps climate commitments- oil and gas 360

Balkans turns to coal as energy crisis trumps climate commitments

Investing OSLOMEJ – Balkan nations in southeast Europe are turning to coal as they try to tackle a global surge in energy prices, raising fears among environmentalists that countries are rowing back on commitments to phase out the most polluting fossil fuel. North Macedonia, once a frontrunner in attracting renewable energy investors, said earlier this month it planned to open

China's daily coal output in March hits record high- oil and gas 360

China’s daily coal output in March hits record high

Nasdaq BEIJING – China’s coal output rose 15% in March from the same month a year ago, with daily production climbing to a record, as Beijing urged miners to crank up operations to ensure steady market supply. China churned out 395.79 million tonnes of coal last month, data from the National Bureau of Statistics (NBS) showed on Monday, equivalent to

Coal to make up 85% of total U.S. power capacity to be retired in 2022 - EIA- oil and gas 360

Coal to make up 85% of total U.S. power capacity to be retired in 2022 – EIA

Nasdaq Jan 11 – Coal-fired plants will account for about 85% of total U.S. power capacity scheduled for retirement this year with natural gas and renewables taking a greater share of the supply, the U.S. Energy Information Administration said on Tuesday. U.S. power plant operators were scheduled to retire about 12.6 gigawatt (GW) of coal-fired generating capacity in 2022 out

Coal-fired power generation on track to hit all-time high this year, IEA says- oil and gas 360

Coal-fired power generation on track to hit all-time high this year, IEA says

CNBC Coal-fired power generation is due to hit an all-time high this year, according to a report from the International Energy Agency, with the organization’s executive director calling for urgent action to mitigate emissions from the sector. The IEA’s report, Coal 2021, noted the planet’s coal power generation was on a trajectory that would see it rise by 9% in

Biden’s net-zero climate policies drive a 23% hike in U.S. coal usage- oil and gas 360

Biden’s net-zero climate policies drive a 23% hike in U.S. coal usage

World Oil NEW YORK (Bloomberg) –Donald Trump vowed to revive the coal industry, but it’s President Joe Biden who’s driving a big comeback of the dirtiest fossil fuel. U.S. power plants are on track to burn 23% more coal this year, the first increase since 2013, despite Biden’s ambitious plan to eliminate carbon emissions from the power grid. The rebound

China digs in on coal, oil gains as energy crisis deepens- oil and gas 360

China digs in on coal, oil gains as energy crisis deepens

Reuters China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for the most polluting fossil fuels to keep factories open and homes heated. The rebound in economic activity from coronavirus restrictions has exposed alarmingly low supplies of natural gas leaving traders,

Oil rises as global energy crunch takes hold- oil and gas 360

Oil rises as global energy crunch takes hold

Reuters LONDON – Oil prices rose on Friday to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs and prompted China to demand increased coal production. Energy markets have tightened in the face of improved fuel demand as economic activity rebounds and coronavirus restrictions ease, with further pressure from

Today’s global energy crisis is just the first in the “clean power” era- oil and gas 360

Today’s global energy crisis is just the first in the “clean power” era

World Oil (Bloomberg) –The world is living through the first major energy crisis of the clean-power transition. It won’t be the last. The shortages jolting natural gas and electricity markets from the UK to China are unfolding just as demand roars back from the pandemic. But the planet has faced volatile energy markets and supply squeezes for decades. What’s different

Fossil fuel demand shakes off pandemic in blow to climate fight-oil and gas 360

Fossil fuel demand shakes off pandemic in blow to climate fight

Reuters LONDON – Demand for coal and natural gas has exceeded pre-COVID-19 highs with oil not far behind, dealing a setback to hopes the pandemic would spur a faster transition to clean energy from fossil fuels. Global natural gas shortages, record gas and coal prices, a power crunch in China and a three-year high on oil prices all tell one