• 5 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 8 minutes China Faces Economic Collapse
  • 12 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 14 minutes Iran in the world market
  • 17 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 1 min Experts review drone damage . Say Saudis need to do a lot of explaining.
  • 7 hours USA Wants Iran War -- Shooty Shooty More
  • 12 hours Collateral Damage: Saudi Disruption Leaves Canada's Biggest Refinery Vulnerable
  • 12 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
  • 28 mins Saudis Confirm a Cruise Missile from Iranian Origin
  • 8 hours The Spy Money: U.S. Wants To Seize All Money Edward Snowden Makes From New Book
  • 49 mins Aramco Production
  • 14 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 5 hours Trump Will Win In 2020 And Beyond..?
  • 24 hours USA : Attack came from 'Iranian soil'. Pompeo to release 'evidence'.
  • 6 hours The Belt & Road Initiative: A Wolf in Sheep's Clothing?
Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

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

Premium Content

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



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play