COALspot.com keeps you connected across the coal world
  • NOVEMBER 2021 HBA FOR EXPORTS INCREASED BY $33.03% MOM, $85.79 YTM AND $183.50% YOY
  • NOVEMBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$215.01 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Saturday, 16 October 21
COAL IS 'KING' AS GAS PRICES SOAR, TOTAL CEO SAYS - AND IT’S BACKFIRING ON CLEANER ENERGY GOALS - CNBC
Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grapples with worsening gas shortages.
 
TotalEnergies CEO Patrick Pouyanne on Wednesday stressed the need to achieve price stability, contending that lower gas prices will reduce the need to rely on the higher-polluting coal, but that the transition to cleaner energy has also created an imbalance in the market.
 
“High pricing is not good news — of course immediately for my company results are better, but for customers” is it not, Pouyanne told CNBC’s Hadley Gamble during a Russia Energy Week panel in Moscow.
 
Replacing coal with gas “is good for climate change, but to do that, we need to have a lower price,” the CEO said. “Because coal today is a king, because coal is cheaper than all the other sources of energy.”
 
Coal-produced electricity has shot up in Europe, and European coal futures have more than doubled since the start of the year. And the irony is clear, as this is happening just as Europe is trying to reduce its use of the polluting fuel. Gas prices in Europe, meanwhile, have nearly quadrupled since the start of the year.
 
“So for us today prices are too high. We have to find stability, going back to something more normal,” Pouyanne said.
 
He added that this is not merely a European gas crisis, but a global one, stemming from both a “huge hike in demand for gas from China and Asia,” as well as “more demand for gas because of energy transition, going from coal to gas, which is good for climate change.”
 
“So that is I think a lesson,” Pouyanne said. “Another is that the more we put renewables in our electric system, we put in intermittent sources which depend on the weather.”
 
Pouyanne, like many other oil and gas company executives, has noted the risk of renewables that rely on weather. Brazil, which has increased its reliance on hydropower, saw less rain this year, while other parts of the world that have invested heavily in solar and wind power saw less sun and wind.
 
BP CEO Bernard Looney, speaking on the same panel, echoed Pouyanne’s concern.
 
“I think that this crisis in Europe has reminded us that energy is part of the lifeblood of society and that energy use is only going in one direction — and that is upwards,” Looney said. “We all understand that the sun doesn’t shine at night and the wind doesn’t always blow so we have that question of renewables’ intermittency to deal with.”
 
‘A more volatile system’
Talking about governments’ pushes to reduce fossil fuel production and use, Looney said: “At the end of the day, if supply goes away and demand doesn’t change, that only has one consequence, and that is an escalation in price rises. So I’m not suggesting that the onus needs to be put on customers or society, but this is a system, and both the supply and the demand side have to work together.”
 
“Just simply correcting a supply-side issue without affecting demand will not result in a more stable system, it’ll result in a more volatile system,” Looney added.
 
Higher gas use due to colder weather earlier in the year “has lowered all the inventories on gas, and so we see today an exceptional circumstance,” Pouyanne said. “I think that after wintertime we should be able to come back to lower prices which would be good for everybody.”
 
Gas prices are surging to record highs in Europe. Power shortages are also impacting households and businesses across Asia, and have forced factories to shut down.
 
This has been brought on by supply shortfalls and the transition to cleaner energy, which has spurred higher demand for gas, considered a cleaner fuel. Demand is also rebounding from its Covid-induced slowdown as economies reopen and travel resumes around the world.
 
Other energy commodities including oil have also soared in recent weeks, with international benchmark Brent crude trading at $83.37 at 12:00 p.m. ET, its highest level since 2018 and up 64% since the start of this year.
 
U.S. benchmark West Texas Intermediate hit a seven-year high this week, and was trading at $80.63 at noon ET.
 
The spike in energy prices comes amid supply chain disruptions and a shortage of shipping containers, both of which have contributed to rapidly rising inflation.
Source: CNBC


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 12 November 21
INDONESIAN COAL PRICE REFERENCE TOPS $215 A TON; THE HIGHEST COAL PRICE IN HISTORY
COALspot.com: Indonesian Coal Price Reference in a steep climb for most of second half of 2021 as it reached a pinnacle of $215.01 in November 2021 ...


Thursday, 11 November 21
ASIA COAL POWER PIPELINE TO SHRINK BY TWO THIRDS AFTER CHINA FINANCE CUT - REUTERS
Asia’s pipeline of proposed coal-fired power plants is expected to shrink from 65 gigawatts to 22 gigawatts following China’s pledge to ...


Tuesday, 09 November 21
ASIA-PACIFIC IS HOME TO SOME OF THE WORLD'S LARGEST CARBON-EMITTERS - 2 CHARTS SHOW ITS RELIANCE ON COAL - CNBC
Asia-Pacific is home to some of the world’s largest carbon emitters — and experts say much of global efforts to fight climate change de ...


Tuesday, 09 November 21
CHINA DAILY COAL OUTPUT HITS MULTI-YEAR PEAK, PRICES EXPECTED TO FALL - REUTERS
China’s daily coal output hit 11.93 million tonnes last week, a multi-year high as more capacity returned to operation, the state planner sai ...


Thursday, 04 November 21
CHINA'S COAL MARKET SEES SIGNIFICANT IMPROVEMENTS: NDRC - GLOBAL TIMES
China’s top economic planner has declared initial success in its efforts to ensure coal supply and stabilize prices, saying that daily coal o ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6470
News by Category
Popular News
 
Total Members : 27,644
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bank of China, Malaysia
  • Sojitz Corporation - Japan
  • Sical Logistics Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Mitra SK Pvt Ltd - India
  • Port Waratah Coal Services - Australia
  • New Zealand Coal & Carbon
  • Coal and Oil Company - UAE
  • Gupta Coal India Ltd
  • Thiess Contractors Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Thai Mozambique Logistica
  • Siam City Cement PLC, Thailand
  • Savvy Resources Ltd - HongKong
  • Ministry of Finance - Indonesia
  • Formosa Plastics Group - Taiwan
  • SRK Consulting
  • Global Business Power Corporation, Philippines
  • Coastal Gujarat Power Limited - India
  • Interocean Group of Companies - India
  • Directorate Of Revenue Intelligence - India
  • Economic Council, Georgia
  • Billiton Holdings Pty Ltd - Australia
  • World Coal - UK
  • Peabody Energy - USA
  • Moodys - Singapore
  • Global Coal Blending Company Limited - Australia
  • Larsen & Toubro Limited - India
  • Orica Mining Services - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • MEC Coal - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Grasim Industreis Ltd - India
  • Vale Mozambique
  • KEPCO - South Korea
  • Baramulti Group, Indonesia
  • GB Group - China
  • Australian Coal Association
  • IMC Shipping - Singapore
  • Bhushan Steel Limited - India
  • Semirara Mining Corp, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Simpson Spence & Young - Indonesia
  • TANGEDCO India
  • Miang Besar Coal Terminal - Indonesia
  • Mercator Lines Limited - India
  • Reliance Power - India
  • Parliament of New Zealand
  • Coaltrans Conferences
  • Sree Jayajothi Cements Limited - India
  • Xindia Steels Limited - India
  • U S Energy Resources
  • Karbindo Abesyapradhi - Indoneisa
  • Oldendorff Carriers - Singapore
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Chamber of Mines of South Africa
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Noble Europe Ltd - UK
  • Electricity Generating Authority of Thailand
  • Carbofer General Trading SA - India
  • Thomson Reuters GRC
  • Bukit Makmur.PT - Indonesia
  • GMR Energy Limited - India
  • Tata Chemicals Ltd - India
  • Iligan Light & Power Inc, Philippines
  • Goldman Sachs - Singapore
  • SMC Global Power, Philippines
  • PowerSource Philippines DevCo
  • London Commodity Brokers - England
  • Therma Luzon, Inc, Philippines
  • Coeclerici Indonesia
  • Enel Italy
  • HSBC - Hong Kong
  • KPMG - USA
  • Global Green Power PLC Corporation, Philippines
  • Madhucon Powers Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • Mercuria Energy - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • J M Baxi & Co - India
  • Kobe Steel Ltd - Japan
  • Thriveni
  • TGV SRAAC LIMITED, India
  • Kalimantan Lumbung Energi - Indonesia
  • BNP Paribas - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Metalloyd Limited - United Kingdom
  • CoalTek, United States
  • Binh Thuan Hamico - Vietnam
  • Kepco SPC Power Corporation, Philippines
  • Maybank - Singapore
  • Geoservices-GeoAssay Lab
  • Mjunction Services Limited - India
  • Qatrana Cement - Jordan
  • Cemex - Philippines
  • IBC Asia (S) Pte Ltd
  • Bank of America
  • Shenhua Group - China
  • ICICI Bank Limited - India
  • Banpu Public Company Limited - Thailand
  • Surastha Cement
  • GAC Shipping (India) Pvt Ltd
  • Power Finance Corporation Ltd., India
  • PetroVietnam Power Coal Import and Supply Company
  • Malco - India
  • IHS Mccloskey Coal Group - USA
  • Indian School of Mines
  • Kaltim Prima Coal - Indonesia
  • White Energy Company Limited
  • EMO - The Netherlands
  • Riau Bara Harum - Indonesia
  • PetroVietnam
  • Bahari Cakrawala Sebuku - Indonesia
  • Vitol - Bahrain
  • Indian Energy Exchange, India
  • AsiaOL BioFuels Corp., Philippines
  • SGS (Thailand) Limited
  • Cement Manufacturers Association - India
  • Attock Cement Pakistan Limited
  • Tamil Nadu electricity Board
  • Sinarmas Energy and Mining - Indonesia
  • Vizag Seaport Private Limited - India
  • Jatenergy - Australia
  • Anglo American - United Kingdom
  • globalCOAL - UK
  • Humpuss - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Latin American Coal - Colombia
  • TNB Fuel Sdn Bhd - Malaysia
  • Romanian Commodities Exchange
  • Altura Mining Limited, Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Kumho Petrochemical, South Korea
  • JPMorgan - India
  • WorleyParsons
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Africa Commodities Group - South Africa
  • Infraline Energy - India
  • Total Coal South Africa
  • Russian Coal LLC
  • Tanito Harum - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • The India Cements Ltd
  • Eastern Coal Council - USA
  • Videocon Industries ltd - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Maharashtra Electricity Regulatory Commission - India
  • PLN Batubara - Indonesia
  • Deloitte Consulting - India
  • Asmin Koalindo Tuhup - Indonesia
  • Rudhra Energy - India
  • Asia Cement - Taiwan
  • Minerals Council of Australia
  • bp singapore
  • Thermax Limited - India
  • TeaM Sual Corporation - Philippines
  • Fearnleys - India
  • Dalmia Cement Bharat India
  • Bharathi Cement Corporation - India
  • Sakthi Sugars Limited - India
  • BRS Brokers - Singapore
  • ING Bank NV - Singapore
  • The State Trading Corporation of India Ltd
  • PLN - Indonesia
  • KOWEPO - South Korea
  • Australian Commodity Traders Exchange
  • Merrill Lynch Bank
  • PNOC Exploration Corporation - Philippines
  • Medco Energi Mining Internasional
  • Maheswari Brothers Coal Limited - India
  • Freeport Indonesia
  • Planning Commission, India
  • Rio Tinto Coal - Australia
  • Indika Energy - Indonesia
  • APGENCO India
  • Krishnapatnam Port Company Ltd. - India
  • ACC Limited - India
  • Barasentosa Lestari - Indonesia
  • Britmindo - Indonesia
  • Japan Coal Energy Center
  • KPCL - India
  • Cebu Energy, Philippines
  • Kideco Jaya Agung - Indonesia
  • IEA Clean Coal Centre - UK
  • Essar Steel Hazira Ltd - India
  • Semirara Mining and Power Corporation, Philippines
  • Edison Trading Spa - Italy
  • Cardiff University - UK
  • Indo Tambangraya Megah - Indonesia
  • IOL Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Coal Orbis AG
  • Deutsche Bank - India
  • Ministry of Mines - Canada
  • Georgia Ports Authority, United States
  • Central Java Power - Indonesia
  • Barclays Capital - USA
  • Xstrata Coal
  • Energy Development Corp, Philippines
  • Electricity Authority, New Zealand
  • DBS Bank - Singapore
  • The University of Queensland
  • Kobexindo Tractors - Indoneisa
  • Toyota Tsusho Corporation, Japan
  • Eastern Energy - Thailand
  • Energy Link Ltd, New Zealand
  • Wood Mackenzie - Singapore
  • Orica Australia Pty. Ltd.
  • Thailand Anthracite
  • Core Mineral Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Mintek Dendrill Indonesia
  • Price Waterhouse Coopers - Russia
  • Shree Cement - India
  • Credit Suisse - India
  • OPG Power Generation Pvt Ltd - India
  • LBH Netherlands Bv - Netherlands
  • Jaiprakash Power Ventures ltd
  • Salva Resources Pvt Ltd - India
  • Maersk Broker
  • Makarim & Taira - Indonesia
  • Arutmin Indonesia
  • Malabar Cements Ltd - India
  • Kohat Cement Company Ltd. - Pakistan
  • Independent Power Producers Association of India
  • Bhatia International Limited - India
  • Idemitsu - Japan
  • Mechel - Russia
  • European Bulk Services B.V. - Netherlands
  • Sarangani Energy Corporation, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • Platts
  • Cigading International Bulk Terminal - Indonesia
  • GVK Power & Infra Limited - India
  • Ambuja Cements Ltd - India
  • Petrosea - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Cosco
  • Heidelberg Cement - Germany
  • Permata Bank - Indonesia
  • Indonesian Coal Mining Association
  • SMG Consultants - Indonesia
  • Glencore India Pvt. Ltd
  • Timah Investasi Mineral - Indoneisa
  • McConnell Dowell - Australia
  • Bayan Resources Tbk. - Indonesia
  • Antam Resourcindo - Indonesia
  • EIA - United States
  • India Bulls Power Limited - India
  • Straits Asia Resources Limited - Singapore
  • Sindya Power Generating Company Private Ltd
  • Samsung - South Korea
  • Inco-Indonesia
  • UBS Singapore
  • Ind-Barath Power Infra Limited - India
  • SASOL - South Africa
  • ETA - Dubai
  • OCBC - Singapore
  • San Jose City I Power Corp, Philippines
  • SUEK AG - Indonesia
  • Arch Coal - USA
  • Renaissance Capital - South Africa
  • Manunggal Multi Energi - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • CNBM International Corporation - China
  • Merrill Lynch Commodities Europe
  • Vedanta Resources Plc - India
  • CCIC - Indonesia
  • Sucofindo - Indonesia
  • Indorama - Singapore
  • Aditya Birla Group - India
  • Samtan Co., Ltd - South Korea
  • Agrawal Coal Company - India
  • Rashtriya Ispat Nigam Limited - India
  • Adani Power Ltd - India
  • Maruti Cements - India
  • NALCO India
  • World Bank
  • Posco Energy - South Korea
  • Aboitiz Power Corporation - Philippines
  • Runge Indonesia
  • Coal India Limited
  • Uttam Galva Steels Limited - India
  • Karaikal Port Pvt Ltd - India
  • Leighton Contractors Pty Ltd - Australia
  • Bhoruka Overseas - Indonesia
  • Mitsui
  • Inspectorate - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • The Treasury - Australian Government
  • Gujarat Sidhee Cement - India
  • Ince & co LLP
  • Adaro Indonesia
  • Argus Media - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Trasteel International SA, Italy
  • Borneo Indobara - Indonesia
  • Indonesia Power. PT
  • Indogreen Group - Indonesia
  • Commonwealth Bank - Australia
  • Intertek Mineral Services - Indonesia
  • Central Electricity Authority - India
  • NTPC Limited - India
  • McKinsey & Co - India
  • RBS Sempra - UK
  • JPower - Japan
  • Parry Sugars Refinery, India
  • Indian Oil Corporation Limited
  • Jorong Barutama Greston.PT - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • South Luzon Thermal Energy Corporation
  • Ministry of Transport, Egypt
  • GHCL Limited - India
  • Meralco Power Generation, Philippines
  • Lafarge - France
  • TRAFIGURA, South Korea
  • Platou - Singapore
  • Berau Coal - Indonesia
  • ASAPP Information Group - India
  • Bukit Baiduri Energy - Indonesia
  • Mitsubishi Corporation
  • Bangkok Bank PCL
  • Marubeni Corporation - India
  • Gresik Semen - Indonesia
  • TNPL - India
  • Asian Development Bank
  • Pinang Coal Indonesia
  • Star Paper Mills Limited - India
  • Petron Corporation, Philippines
  • Wilmar Investment Holdings
  • Bangladesh Power Developement Board
  • Clarksons - UK
  • VISA Power Limited - India
  • GNFC Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Lanco Infratech Ltd - India
  • Coalindo Energy - Indonesia
  • Tata Power - India
  • CESC Limited - India
  • Panama Canal Authority
  • Kapuas Tunggal Persada - Indonesia
  • Cargill India Pvt Ltd
  • Siam City Cement - Thailand
  • Jindal Steel & Power Ltd - India
  • MS Steel International - UAE
  • Singapore Mercantile Exchange
  • CIMB Investment Bank - Malaysia
  • ANZ Bank - Australia
  • Bulk Trading Sa - Switzerland
  • UOB Asia (HK) Ltd
  • Standard Chartered Bank - UAE
  • PTC India Limited - India