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Wednesday, 14 June 17
WORLD COAL PRODUCTION FELL BY 6.2%, THE LARGEST ANNUAL DECLINE ON RECORD - BP
bp logoCOALspot.com: The 2017 edition of the BP Statistical Review of World Energy, shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges.

Data published in the Review clearly demonstrate Global coal consumption fell for the second successive year, down by 1.7% or 53 million tons of oil equivalent (Mtoe). This decline brought coal’s share of primary energy production to 28.1%, its lowest share since 2004.

Declining consumption was driven primarily by the US (down 8.8%, 33Mtoe), and China (down 1.6%, 26Mtoe) World coal production fell by 6.2% or 231Mtoe, the largest annual decline on record. The falls in production were again driven by China (down 7.9% or 140Mtoe) and the US (down 19%, or 85Mtoe).

In the UK, coal consumption more than halved (-52.5%). UK coal consumption has now fallen to levels last seen at the start of the Industrial Revolution around 200 years ago. The UK power sector recorded its first ‘coal-free’ day in April 2017.

The BP's Statistical Review of World Energy clearly says the long-term transitions now underway in the markets, with a shift to slower growth in global energy demand, demand moving strongly towards the fast-growing developing economies of Asia, and a marked shift towards lower carbon fuels as renewable energy continues to grow strongly and coal use falls.


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Wednesday, 14 June 17
HANDYSIZES AND PANAMAXES ENJOY THE TIGHTEST SUPPLY - PANOS TSILINGIRIS
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Tuesday, 13 June 17
THE TANKER FREIGHT MARKET IS STILL UNDER PRESSURE - GEORGE LAZARIDIS
News of U.S. inventory decline has hit the market by surprise with prices of the commodity showing some quick revival as OPEC continues to push wit ...


Monday, 12 June 17
THE BALTIC DRY INDEX TOOK A POSITIVE STEP
COALspot.com: The Freight market incline this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ...


Friday, 09 June 17
U.S WEEKLY COAL OUTPUT WAS FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...


Wednesday, 07 June 17
INDO HBA INDEX SEE LARGEST DROP SINCE FEBRUARY 2017
COALspot.com: Indonesian coal benchmark price decline 9.96% in June, government data showed. The benchmark price of Indonesian thermal coal de ...


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