Traders are still investing in oil by-products despite the price cap in oil markets. Bloomberg data released on Tuesday 6th of February, showed that the […]
News
Powell: The US is on an unsustainable fiscal path
Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in a “60 Minutes” interview with Scott Pelley released Sunday. “The […]
Roman Bilousov: U.S. Thermal Coal Finds New Life Overseas
US thermal coal exporters recorded more than $5 billion in overseas sales in 2023, shipping upwards of 32.5 million metric tons of the high-polluting power […]
India To Boost Coal Power Capacity by the Most in Six Years
India expects to add a large chunk of coal-fired power capacity in 2024, which will be the largest yearly rise in its coal fleet in […]
Green Hydrogen Breakthrough Could Bring Heavy Industry Into The Zero-Carbon Era
Industries such as steel, cement, and heavy transport account for some one-third of global greenhouse gas emissions (GHG), rendering breakthrough zero-carbon industrial products one of […]
Roman Bilousov: Cheaper Coal Could Make Turkey Europe’s Largest Coal-Burning Nation
Cheaper coal compared to natural gas is set to make Turkey the biggest coal-burning nation in Europe this year, surpassing Germany, according to data by […]
Roman Bilousov: Are China’s Oil, Coal, and Iron Ore Imports a Sign of Strength or Concern?
News coming out of China indicates the country set new records in 2023 for the import of crude oil, coal, and iron ore. The revelation […]
Bankrupt Oil Trader and Owner Sue the UAE and Others in Fraud Claim
The UAE, its president, oil firm ADNOC, a Swiss-based private investigation firm and others are being sued for $2.8 billion from bankrupt oil firm Lord […]
Roman Bilousov: China invests in coal conveyor across Amur River 685 mio USD
Chinese company Xuan Yuan (XY Group), one of the largest Chinese corporate investors in Russia, plans to invest about 685 mio in the construction of […]
European coal imports declined sharply in 2023
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Dec 2023, global seaborne coal […]