• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 37 mins Despite pressure about Khashoggi's Murder: Saudi Arabia Reassures On Oil Supply, Says Will Meet Demand
  • 17 hours Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 10 hours Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 5 hours Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 59 mins Why I Think Natural Gas is the Logical Future of Energy
  • 17 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 14 hours Iraq war and Possible Lies
  • 4 mins Satellite Moons to Replace Streetlamps?!
  • 10 hours Get on Those Bicycles to Save the World
  • 1 day Can the World Survive without Saudi Oil?
  • 1 day Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 12 mins Aramco to Become Major Player in LNG?
  • 11 hours EU to Splash Billions on Battery Factories
Alt Text

The One Nation Returning To Coal

Despite a global push away…

Alt Text

Are Coal-Fired Power Plants Set For A Boost?

Rick Perry has announced a…

Alt Text

Thermal Coal Prices Are Soaring

With tight supply in key…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Four More Reasons to Bet on Coal in 2014

Thermal coal was one of my big themes in 2013. And I believe 2014 will be the year when we see a significant break-out in this market.

Both for the commodity itself. And the companies that produce it.

As I’ve discussed, exploding thermal coal demand in India is the big driver for this story. With India’s imports turning in a record-setting year in 2013.

But it’s becoming clear there’s much more to this story.

A number of recent events show that coal demand is staying strong. In some surprising parts of the world.

These developments are very encouraging. Suggesting that the fundamentals in the thermal coal market are even better than I initially believed.

From price rises to production cuts, here are the “need to know” happenings in the space right now.

Japanese Buyers Pay Up For Supply

The biggest thing weighing down investor sentiment in the coal sector lately has been prices.

Since 2011, thermal coal prices in the Pacific sphere have fallen to as low as $75 per tonne, down from $140. And there was concern that oversupply could push rates even lower.

But those fears today look misplaced. Prices have stabilized in the range of $75 to $85 per tonne. Trading within this bracket for the last six months.

If investors needed confirmation that prices have bottomed, they got it last month from coal buyers in Japan.

Tokyo Electric Power Company (Tepco) has been meeting…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News