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How OPEC+ Could Send Oil Prices Soaring Again

How OPEC+ Could Send Oil Prices Soaring Again

WTI crude continues to trade…

Sweden Finds A Fourth Leak In Nord Stream Pipelines

Sweden Finds A Fourth Leak In Nord Stream Pipelines

Sweden’s Coast Guard has discovered…

Tom Kool

Tom Kool

Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com's Head of Operations

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- In 2018, U.S. coal production fell to 756 million short tonnes, the second-lowest total since 1978 and down from a peak of 1,172 million short tonnes in 2008.

- Production and consumption have fallen in tandem. Consumption dropped to just 687 million short tonnes last year, a four-decade low.

- The vast majority of coal consumed is used for electricity generation. The ongoing shuttering of coal-fired power plants likely ensures steady declines for both production and consumption of coal for years to come.

Market Movers

• Cabot Oil & Gas (NYSE: COG) plunged by 5 percent on Monday, dropping to a four-month low. Other natural gas producers also fell sharply. Natural gas prices have fallen to three-year lows as a result of rising supply.

• Devon Energy (NYSE: DVN) announced a voluntary methane reduction target, aiming to lower emissions by 12.5 percent from current levels…





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