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15.10.26 - 04:12
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Asia Scrambles For Coal As Energy Crisis Sends Prices To Two-Year High Ahead Of Winter (ZeroHedge)
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Asia Scrambles For Coal As Energy Crisis Sends Prices To Two-Year High Ahead Of Winter
As the Northern Hemisphere winter quickly approaches, Asian thermal coal prices have climbed to two-year highs and could be on the cusp of a major breakout as utilities stockpile the dirty fuel amid disruptions to natural gas and crude product markets caused by the war in Ukraine and the Strait of Hormuz disruption.
Newcastle coal futures, an Asian benchmark, are up more than 40% on the year and could surge even higher if the $150-a-ton level is sustained.
Prices on Tuesday closed at their highest levels since August 2024.
The combination of Ukraine decimating Russian refineries with drone attacks and the Strait of Hormuz disruptions to energy flows has sparked a global refining crisis that has encouraged utilities to switch from higher-priced natural gas and heating oil to cheaper alternative fuels such as coal.
Morgan Stanley analysts led by Amy Gower wrote in a note last week that the global refining cris...
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10.10.26 - 14:01
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Why This Canadian Community Is Betting on Coal Again (Bloomberg)
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A proposed metallurgical coal mine in Alberta's Crowsnest Pass is reviving an old industry at a time when Canada is looking for new trade relationships beyond the United States. Northback Holdings says Grassy Mountain could supply steelmaking coal to customers in Europe and Asia while bringing jobs and investment back to a community that lost much of its mining economy. But opponents, including musician and activist Corb Lund, warn that the project could threaten water quality and surrounding communities. (Source: Bloomberg)...
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10.10.26 - 01:30
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Wall Street Week | Michigan Manufacturing, AI Debt Investments, Baby Bonds, Canadian Coal Fight (Bloomberg)
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This week, Ford, JPMorgan and the state of Michigan team up to help domestic manufacturers turn new technology into factories and supply chains. And, hyperscalers and data centers are borrowing hundreds of billions of dollars to finance AI infrastructure, transforming the corporate bond market. Plus, can baby bonds actually narrow America's wealth gap? Later, Alberta's Grassy Mountain project has become a test of whether Canada can expand resource exports without reigniting old environmental conflicts. (Source: Bloomberg)...
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07.10.26 - 13:54
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Klima: Dutzende Staaten für Abkehr von Öl, Kohle und Gas (DPA-AFX)
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NADI (dpa-AFX) - Vier Wochen vor der Weltklimakonferenz in der Türkei haben Dutzende Staaten bei einem Vorbereitungstreffen im Südpazifik mehr Ehrgeiz im Kampf gegen die Erderhitzung gefordert - insbesondere die schrittweise Abkehr von Kohle, Öl und Gas. ......
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05.10.26 - 14:24
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Europe′s Soaring Gas Bill Is Sending Utilities Back To Coal (ZeroHedge)
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Europe's Soaring Gas Bill Is Sending Utilities Back To Coal
Authored by Haley Zaremba via OilPrice.com,
Europe's energy crisis isn't over. Gas prices remain punishingly high across the continent as Europeans stare down the barrel of a long winter.
In response to back-to-back-to-back energy crises stemming from Europe's continued reliance on imported liquefied natural gas against the backdrop of ongoing global geopolitical volatility, Europe's leaders are pushing to diversify the bloc's energy mix. While this means that Europe is rapidly expanding its renewable energy capacity, it also marks a significant return to the world's dirtiest fossil fuel - coal.
Earlier this year, when the United States and Israel began an offensive in Iran and thereby instigated the disruption of one-fifth of the world's oil and gas trades, Europe awakened to realize that it had sleepwalked into yet another energy crisis - its third in just four years. "We swore we'd learn. We promised things would cha...
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