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Friday, 09 July 21
EIA FORECASTS COAL’S GENERATION SHARE IN U.S TO RISE FROM 20% IN 2020 TO 24% THIS YEAR BUT TO FALL TO 22% NEXT YEAR
 The July Short-Term Energy Outlook (STEO) of EIA remains subject to heightened levels of uncertainty related to the ongoing economic recovery from the COVID-19 pandemic. U.S. economic activity continues to rise after reaching multiyear lows in the second quarter of 2020 (2Q20). The increase in economic activity and easing of the COVID-19 pandemic have contributed to rising energy use. U.S. gross domestic product (GDP) declined by 3.5% in 2020 from 2019 levels. This STEO assumes U.S. GDP will grow by 7.4% in 2021 and by 5.0% in 2022. We based the U.S. macroeconomic assumptions in this outlook on forecasts by IHS Markit.
EIA's July Short-Term Energy Outlook noted that, Brent crude oil spot prices averaged $73 per barrel (b) in June, up $5/b from May and $33/b higher than in June of last year. In the coming months, we expect that global oil production, largely from OPEC+ members (OPEC and partner nonmember countries), will increase by more than global oil consumption. We expect rising production will reduce the persistent global oil inventory draws that have occurred for much of the past year and keep prices similar to current levels, averaging $72/b during the second half of 2021 (2H21). However, in 2022, we expect that continuing growth in production from OPEC+ and accelerating growth in U.S. tight oil production, along with other supply growth, will outpace growth in global oil consumption and contribute to declining oil prices. Based on these factors, we expect Brent to average $67/b in 2022.
EIA expects U.S. coal production to total 617 million short tons (MMst) in 2021, which is 78 MMst (15%) more than in 2020. Rising electricity demand for coal amid higher natural gas prices is driving this production increase. In 2022, we expect coal production to fall by 7 MMst (1%).
EIA also forecasts coal’s generation share to rise from 20% in 2020 to 24% this year but to fall to 22% next year. In th meantime, the share of electric power generation produced by natural gas in the United States will average 36% in both 2021 and 2022, down from 39% in 2020. Our forecast for the natural gas share as a generation fuel declines because we expect a higher delivered natural gas price for electricity generators.
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Wednesday, 08 September 21
MARKET INSIGHT - INTERMODAL
Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness. The dry bulk index exceeded the 4,0 ...
Wednesday, 01 September 21
KOMIPO TO BUY 1.56 MILLION TONS OF 5600 NAR COAL OF AUSTRALIA OR SOUTH AFRICAN ORIGIN FOR 2022 - 2024
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Wednesday, 01 September 21
MARKET INSIGHT - INTERMODAL
As the summer season is coming to an end, the dry bulk market continues to rally. The confidence that the outstanding freight market performance ha ...
Monday, 30 August 21
68% OF U.S. COAL FLEET RETIREMENTS SINCE 2011 WERE PLANTS FUELED BY BITUMINOUS COAL - EIA
In 2011, the United States had 317.6 gigawatts (GW) of coal-fired electric generation capacity. About 88.7 GW of that capacity was retired in the d ...
Friday, 27 August 21
ALL YOU NEED TO KNOW ABOUT COAL'S MASSIVE RALLY AND NEAR-TERM OUTLOOK - CNBCTV18
Australia’s thermal coal at Newcastle Port, the benchmark for the vast Asian market, has surged over 100 percent this year to trade above $16 ...
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- Formosa Plastics Group - Taiwan
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- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
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- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
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- Goldman Sachs - Singapore
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- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
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- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
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- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
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- Ambuja Cements Ltd - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Australian Coal Association
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- Simpson Spence & Young - Indonesia
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- India Bulls Power Limited - India
- Latin American Coal - Colombia
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- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- The University of Queensland
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
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- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
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- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
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- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
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- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
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- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
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- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- The Treasury - Australian Government
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- Parliament of New Zealand
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- Lanco Infratech Ltd - India
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- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
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