• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 51 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 4 hours Even Shell Agrees with Climate Change!
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 12 days Does Toyota Know Something That We Don’t?
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Editorial Dept

Editorial Dept

More Info

Two Bullish Missed Targets in Coal ... and One Place that will Benefit

The opportunity in Asian coal continues to grow brighter. Evidenced by two important pieces of data this week from major consuming nation India.

Coal India—the nation’s largest coal miner—reported that its coal production has once again fallen short of target.

The firm said that production for the nine months from April to December 2013 came in 15 million tonnes below forecast. Totaling just 335 million tonnes.

The company also missed its sales target for the same period. With sales falling 12 million tonnes short of the targeted 354 million tonnes.

The underperformance is expected to continue for the rest of the fiscal year (which runs until March 31, 2014). Total mined coal output will likely come in 17 to 18 million tonnes below targets for the year.

A Continuing Crisis Gets Worse

These missed targets are yet more evidence that India’s domestic coal production is in big trouble.

Since 2010 Coal India’s production has fallen well short of its supply commitments to domestic power users. Hampered by a lack of infrastructure and chronic environmental hang-ups over new projects (the company cited two expansion bans from the national environment ministry as reasons for its latest production shortfall).


Source: Press Bureau of India (December 9, 2013)

At the same time, coal demand from India’s power sector is soaring. Total daily requirements are running at 1.4 million tonnes.

Finding…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News