• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 9 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 24 mins California's Oil Industry Collapses Despite Shale Boom
  • 4 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 4 hours The Consequences: Full-Blown Trade War Will Push World Towards Recession
  • 7 hours Greenpeace Blocks BP HQ
  • 1 hour Australian Voters Reject 'Climate Change' Politicians
  • 8 hours Global Warming Making The Rich Richer
  • 4 hours IMO2020 To scrub or not to scrub
  • 2 hours Shale to be profitable in 2019!!!
  • 5 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 10 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 8 hours California Threatens Ban on ICE Cars
  • 1 hour Wonders of Shale- Gas,bringing investments and jobs to the US
  • 2 hours UK Needs New Wind Turbines
  • 5 hours 6 Ways to Fight Climate Change
  • 59 mins Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Another Nation Goes Coal Critical

The thermal coal story in Asia just keeps looking better. With another data point last week suggesting that supply continues to tighten.

Vietnam became the latest country to say it is seeking coal imports. Officials stated they are trying to secure about 10 million tonnes of thermal coal yearly--starting in 2017.

That's of course a little ways out. But it appears even now Vietnam's changing supply-demand dynamics are beginning to impact the regional market.

Traditionally, Vietnam has been a coal exporter. But those shipments have been on the decline of late. With 2013 exports totalling just 12.8 million tonnes--down almost 16% from 2012 levels.

This comes as the country's domestic production has been falling. And in-country coal demand is rising, due to construction of new power facilities.

It thus seems that officials are looking at a complete flip in terms of their import-export picture over the next few years. With exports ceasing nearly completely, and imports becoming prominent.

The country won't be a massive consumer. But 10 million tonnes annually is a significant amount for the Asian market. That's going to turn the screw one more time when it comes to ever-tightening supply. Making it a little tougher for giant buyers like India, China and Japan to source imports.

This is an investment scenario that just keeps seeing bullish news. While prices and stocks remain (for the moment) at low levels.

That combination should be intriguing to value-seeking investors.

Here's to joining the club,

Dave Forest




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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