Business News Asia
Coal remains a hot commodity in 2022 even after a very good year in 2021. The coal price has already risen over 32% YTD and is currently trading at $183.00 per ton. The benchmark Newcastle Coal is also continuing to…
China says it has started to drive decarbonization in the country since 2020. The goal is to reach maximum emissions by 2025 and to be completely CO2-free by 2060. A big part of this movement is the electrification of road…
At last year’s climate conference, France and Japan both advocated a rapid phase-out of fossil fuels. Both want to follow the ambitious plans of decarbonization and convert their countries from so-called clean energies. But for the start of 2022, both…
Newcastle coal futures continue to rise and are now up more than 40% YTD. Price data shows that at the turn of the year the price per ton was still around $155 whereas now it has already reached $224 per…
The price of coal is on the rise again, after prices virtually exploded last year, the signs are now pointing to a new rally. At the beginning of 2021, hardly anyone could have guessed what strong year coal prices would…
The price of coal is up 7.9% YTD and is back at $154 per ton. Oil prices for WTI crude are up 6.7% YTD to $82.17 per barrel while Brent is up 6.5% YTD to $86.47 per barrel. Natural gas…
The first breath of relief in Asia as Indonesia allows first coal exports after the export ban. Apparently, over 36 vessels were allowed to leave the country. Previously, the country had imposed a ban on coal exports after coal producers…
The U.S. Energy Information Administration (EIA) released its short-term outlook yesterday. The EIA sees further growth in crude oil and liquid fuels for 2022 and 2023, but the COVID pandemic continues to be an uncertain factor in terms of demand.…
Climate change? Not at the moment! France is getting ready to restart coal-fired power plants out of fear of power outages. For this, the emission regulations are to be relaxed for the beginning of 2022, as Environment Minister Barbara Pompili…
Thermal coal was an expensive good in 2021, could gain almost 300% in peak after the COVID pandemic outbreak in 2020. However, the price storm came to an end towards the end of October after China decided that the domestic…
