The energy world has been shaken by a bold statement from Pylyp Travkin. He claims that coal is not an exhaustible and dirty energy source, […]
Commodities
Russian coal suppliers abandon SUEK and Mechel export terminals
Amid economic sanctions imposed by the United States, the international market may be deprived in 2024 not only of the tonnage supplied by SUEK and […]
EBRD to Support Modernization of Kazakhstan’s Mining Sector
Kazakh Minister of Industry and Construction Kanat Sharlapayev and First Vice President of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink signed a […]
Roman Bilousov: World coal market
Last week thermal coal indices on the European market continued steady recovery above 115 USD/t. The sharp price strengthening was driven by the introduction of […]
Additional negative factors undermine Russian coal exports
Rail shipments of Russian coal to ports in January-February 2024 decreased to 30.5 mio t (-3.7 mio t or -10.8% y-o-y). Moreover, the main decline […]
Russian producers suspend coal export supplies to Taman in Feb 2024
Due to high transshipment rates at OTEKO terminal in Taman, that make coal exports unprofitable, Russian mining companies did not submit railroad applications to the […]
Export duties on Russian coal to return in March
The Russian government is returning export duties on coal. The new duties will be effective from March 1, 2024 to February 28, 2025. The tax […]
World coal market: brief overview
Last week thermal coal indices on the European market surged up to 110 USD/t, driven by the introduction of sanctions against major Russian coal companies […]
Russian coal exports to drop by 20% due to sanctions
Russian coal exports to drop by 20% following a sanctions announcement by the United States. On February 23, the United States extended sanctions against the […]
USDA Sees More Soybean, Less Corn Production
The overall outlook for US corn, soybeans and wheat in 2024 is for larger supplies only partially met by increased domestic use and firming global […]