Tag Coal

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The search for burning fuels drives up coal prices

Worsening global fuel shortage. Asia’s coal benchmark hits record highs, threatening to raise power bills and exacerbate inflation. Last Friday, the price of coal rose 3.4% to a record high of $402.50 per ton. Coal shipments to Europe sold at…

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China faces energy risks – price controls come at a price

Despite drastic measures to boost coal production, China could face further power shortages this summer. This is because most of the new supply is of lower quality and burns faster in power plants. China, the world’s largest coal consumer, gets…

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China Cuts Coal Import Tariffs to 0%

The Chinese Ministry of Finance has announced that China will temporarily reduce import tariffs on all types of coal to 0%. The measure will be in effect from May 1, 2022, to March 31, 2023, and is intended to increase…

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Why the Fed Rate Hike May Not Stop Inflation

Federal Reserve (Fed) Chairman Jerome Powell reiterated the Fed’s position on interest rates in his speech at an IMF-sponsored seminar Thursday (April 21, 2022). The Fed sees inflation running away and wants to use its tools to stop it. “Getting inflation back…

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Energy Week Review

Oil Crude oil prices have been volatile this year, which is probably also due to speculation, as the price moves with almost any news related to Ukraine or Russia. However, the trend in oil prices remains upward, even though the…

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Coal Prices Rise 13% After EU Pushes for Embargo

Coal prices have risen again in the last seven days after Russian energy products, including coal, are again openly discussed. The EU Commission has come out in favor of tightening sanctions against Russia, which means a ban on energy products…

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