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Saturday, 11 September 21
IN 2022, EIA EXPECTS U.S. COAL PRODUCTION TO INCREASE BY 47 MMST TO 648 MMST
EIAU.S. Coal production accordng to EIA's forecast, totals 601 million short tons (MMst) in 2021, 66 MMst more than in 2020, EIA's Short-Term Energy Outlook shows.
 
According to Short-Term Energy Outlook, EIA expects demand for coal from the electric power sector to increase by 100 MMst in 2021 as a result of high natural gas prices, and coal exports to increase by 21 MMSt.  However, production is unlikely to match those increases in demand in the near term due to capacity constraints at coal mines and limited available transportation. 
 
In 2022, EIA expects coal production to increase by 47 MMst to 648 MMst, despite EIA's forecast of declines in coal consumption, as the production and transportation constraints experienced in 2021 ease. 
 
EIA's report further noted, secondary inventories of coal at electric utilities decreased in 1H21, and we forecast this trend will continue into 2H21 and 2022.
 
Short-Term Energy Outlook of EIA also noted that, the September Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. 
 
U.S. economic activity continues to rise after reaching multiyear lows in the second quarter of 2020 (2Q20). U.S. gross domestic product (GDP) declined by 3.4% in 2020 from 2019 levels. 
 
This STEO assumes U.S. GDP will grow by 6.0% in 2021 and by 4.4% in 2022. The U.S. macroeconomic assumptions in this outlook are based on forecasts by IHS Markit. 
 
EIA forecasts assumes continuing economic growth in U.S. and increasing mobility. Any developments that would cause deviations from these assumptions would likely cause energy consumption and prices to deviate from our forecast, says EIA in latest Short-Term Energy Outlook.


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Saturday, 11 September 21
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Saturday, 11 September 21
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Wednesday, 08 September 21
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Wednesday, 08 September 21
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