• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 1 hour *Happy Dance* ... U.S. Shale Oil Slowdown
  • 18 hours U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 10 hours Chevron to Boost Spend on Quick-Return Projects
  • 9 hours Socialists want to exorcise the O&G demon by 2030
  • 4 hours Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 8 hours Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 17 hours UK, Stay in EU, Says Tusk
  • 6 mins Maritime Act of 2020 and pending carbon tax effects
  • 10 hours Conspiracy - Theory versus Reality
  • 1 day What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 17 hours Regular Gas dropped to $2.21 per gallon today
  • 1 day German Carmakers Warning: Hard Brexit Would Be "Fatal"
Oil Majors Bet Big On Offshore Drilling In 2019

Oil Majors Bet Big On Offshore Drilling In 2019

Oilfield service providers are jumping…

Another Crucial Canadian Pipeline Runs Into Trouble

Another Crucial Canadian Pipeline Runs Into Trouble

Yet another crucial Canadian energy…

U.S. Coal Output Hits 2017 High

Coal

U.S. coal production is on the rise, hitting a high last week of 17.025 million tons, according to the Energy Information Administration. That’s 3.4 percent more than in the previous week and 12.3 percent over the output for the same week a year earlier. Year-to-date coal output was also higher than last year’s comparable period, by 14.2 percent to 499.3 million short tons.

Despite the rise in U.S. coal production, coal inventory seems to be falling, Platts estimates suggest. The company’s Bentek Energy unit estimated inventories of the fossil fuel at 124.9 million short tons as of August 24th, 19 percent below the five-year average for the month and the lowest monthly since September 2014.

The increase in year-to-date production was a result of higher natural gas prices, Platts notes. At the same time, however, U.S. coal exports increased, at least in the first quarter of the year, the latest available data from the EIA shows. Between January and March, the country exported 22.3 million short tons of coal, up 15.3 percent on a quarterly basis and 57.6 percent on an annual basis.

Saving the coal industry and using it to ensure the energy independence of the U.S. was a priority for the Trump campaign, and now the administration is keeping its promise. Earlier this week the Department of Energy released a report, which recommends that the Environmental Protection Agency relax the rules for coal plants to avoid wide-scale closures, which, the report says, would threaten the security of the national grid.

Environmentalists had feared the report would pit coal and other fossil fuels against renewables but this did not happen, although Energy Secretary Rick Perry, who commissioned the report, has warned more than once that policies in favor of renewables could be detrimental to coal plants and grid security, Bloomberg notes

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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