• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 7 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 7 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 7 hours Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 15 hours Apple Bid To Buy Tesla in 2013 For $240 a Share
  • 22 hours Struggle For Supremacy: Kremlin Condemns Alleged U.S. Ultimatum To Turkey Over Missile Deal
  • 20 mins Apple Boycott in China
  • 19 hours Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 20 hours Another surprise 'build'
  • 7 hours California's Oil Industry Collapses Despite Shale Boom
  • 19 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 19 hours IMO2020 To scrub or not to scrub
  • 19 hours IMO 2020 could create fierce competition for scarce water resources
  • 4 days Some Good News on Climate Change Maybe
  • 20 hours Global Warming Making The Rich Richer
Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Dave Forest

Dave Forest

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

More Info

Trending Discussions

Here's This Year's Most Important Coal News

The India coal boom appears to be right on schedule, according to recent data.

India has just completed the first half of its fiscal year, running April to September. And the numbers on coal imports look extremely encouraging.

The Indian Ports Association reported last week that coal imports into the country have taken a huge jump this year. Up 44% for the first half of fiscal 2013, as compared to the same period last year, to 36.8 million tonnes.

This significant jump in imports is a confirmation that India needs coal. In fact, the huge increase in imports suggests that India could well be the most important factor today in the global market.

If Indian imports have indeed nearly doubled during the first half of FY2013, it infers that incremental demand here is probably keeping pace with supply increases in places like Indonesia and Australia. In fact, Indian demand may be outpacing the deliverability of these markets.

That suggests global coal supply is a lot tighter than current pricing in the thermal market might imply.

Something to keep in mind as we place our bets on coal projects and coal producers globally over the coming months.

Here's to the coming supply shortage,

By. 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