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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 Mechel, but also of the volume exported by other Russian suppliers refusing to dispatch to the ports connected with the sanctioned companies. Meanwhile, it is impossible to redirect the allocated

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Russia boosts coal exports to China to 104 mio t in 2023

In 2023, Russia ramped up coal supplies to China almost 1.5 times to all-time high of more than 100 mio t, which became possible due to deepening cooperation between the countries in the energy sector. According to preliminary estimates, exports of Russian material to China totaled 104 mio t (+27.2

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Global Food Commodity Prices To Fall In 2024

Global food commodity prices are set for respite in 2024 after three years of record highs caused by war, adverse weather and rising energy and input costs, according to Rabobank’s annual Agri Commodity Markets Outlook report. Related Posted in Commodities, News

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India to Grow Thermal Coal Power Fleet as Demand Calls

India will increase the size of its thermal power fleet, the country’s power minister said, to meet an increased demand for power. India said it would add another 88GW of new power capacity by early 2032—63% more than India’s plan that it published just seven months ago. And most of that will be coal-fired power,

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World demand for liquefied natural gas jumps 50% by 2040: Shell

British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fueled by China dumping coal. “Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 million tonnes a year in

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The Billionaire Attempting To Kill Australia’s Coal Industry

Coal is having a renaissance. Despite the fact that even the most coal-dependent countries agree that coal needs to be phased out as soon as possible, it’s proving to be much, much easier said than done. As the price of energy soars on the back of geopolitical risks and supply shortages, legions of consumers are

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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 environmental think tank Ember cited by Reuters’ analyst Gavin Maguire. Runaway inflation in Turkey and the devaluation of the Turkish lira in recent years have raised the amount of money

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Drought-stricken Spanish villages in crisis mode for several months

Numerous residents residing in rural areas relying on depleting wells are encountering challenges accessing consumable water. Driven by drought, Joan Torrent treks into the woods with empty jugs to collect water from a natural spring. He hauls them back to his home in Gualba, a village near Barcelona suffering the brunt of Spain’s record drought.

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