• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 32 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 1 day "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 4 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days Demonising fossil fuels has caused major grid problem in Australia
  • 5 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 6 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 331 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
U.S. Gulf Coast Crude Exports Are Breaking Records

U.S. Gulf Coast Crude Exports Are Breaking Records

Despite the domestic supply issues,…

India’s Coal Stocks Are Critically Low Amid Global Power Crunch 

India’s massive coal fleet is running out of coal, threatening a power crunch in the country that relies on the dirtiest fossil fuel for most of its electricity generation. 

Coal is the major power generating fuel in India, accounting for 70 percent of electricity generation. 

Coal inventories at many of the over 100 coal-fired power plants are at critically low levels, while India scrambles to get more coal supply amid a global crunch of energy supply and skyrocketing prices of coal and natural gas.

As per India’s Central Electricity Authority (CEA), cited by Reuters, more than 80 percent of India’s 135 coal-powered plants had less than a week left of coal inventories as of September 29, more than 50 percent had stocks for less than three days, and 16 plants had no coal at all. 

As of October 1, coal stocks were critically low at 104 out of a total of 135 power plants, or 77 percent of all plants, Reuters columnist John Kemp noted

Earlier last week, India, one of the world’s largest coal consumers, had inventories of the fuel at its lowest level since November 2017, government data cited by Bloomberg showed. 

Amid surging natural gas prices, utilities all over the world are firing up more coal-fueled power generation units, driving up coal demand and prices.

A coal shortage in a major consumer such as India could force power plants to buy more expensive imports of coal or bid up prices in domestic power auctions. This would raise the costs of India’s manufacturing and the whole economy, which is already feeling the pinch of higher oil prices this year.

Now the coal shortage threatens India’s power supply and could lead to a repeat of the power crisis in China, which resorted last week to restricting power use in at least 20 regions and provinces that contribute more than half to the Chinese economy, adding a bearish risks-off sentiment on global markets, including in the oil market.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads from Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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