• 4 minutes Phase One trade deal, for China it is all about technology war
  • 7 minutes IRAN / USA
  • 11 minutes Shale Oil Fiasco
  • 16 minutes Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 12 hours Indonesia Stands Up to China. Will Japan Help?
  • 41 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 24 hours Beijing Must Face Reality That Taiwan is Independent
  • 2 mins Trump capitulated
  • 3 hours Three oil pipeline projects inch toward goal-line for Canada
  • 8 hours The Libyan Oil in a Sea of Chaos, War and Disruptions
  • 1 day Gravity is a scam!
  • 2 hours Yet another Petroteq debt for equity deal
  • 1 day Trump has changed into a World Leader
  • 12 hours OIL & GAS LOSSES! Schlumberger Posts $10B Loss in 2019
  • 15 hours Prototype Haliade X 12MW turbine starts operating in Rotterdam
  • 1 day China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 21 hours US Shale: Technology
  • 22 hours Iranian government can do everything to avoid attacking American people.
Iran Regime Change Could Push To $40 Oil

Iran Regime Change Could Push To $40 Oil

It sounds counterintuitive and counterlogical,…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Protests in India Could Curtail Coal Production

Officers at India’s state-owned coal company plan to go on a three-day strike over pay, which could cut into India’s coal production. Coal India, the world’s largest coal producer, is responsible for 80% of India’s coal output. Shortages are a constant problem for India, which is becoming more dependent on foreign suppliers for coal. "Coal Mines officers' Association of India has served a strike notice ... against non-finalization of performance related pay, new pension scheme and other demands," the company said in a statement, according to Reuters.

Coal is India’s primary source of energy. India has the fifth largest coal reserves in the world, but struggles to produce enough coal to keep the lights on. Employee strikes, permit delays, and general inefficiencies plague the coal giant, which often misses its production targets. The coal sector is dominated by two state-owned companies, including Coal India, which more or less have a monopoly on the market.

Related Article: Another Nation Goes Coal Critical

The impacts of the strike could be blunted by the fact that only 19,000 of the company’s 349,000 employees are officers. But the pending strike could knock off 1.5 million tonnes-per-day of coal production, putting strains on domestic supplies. India, already the world’s third largest importer of coal, may have to turn to international markets for more coal.

And it has had to do so more and more every year. There is an enormous amount of pent up demand with hundreds of millions of people still without power. Demand has increased about 7% per year, but production has not kept up. That forces the country to rely on imports. Coal imports jumped to 152 million tonnes in 2013 from a year earlier, a 21% increase. On average, imports have grown by 13% per year since 2001, according to EIA data.

By James Burgess of Oilprice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

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