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Friday, 17 February 17
U.S. COAL PRODUCTION SLIPS SLIGHTLY WEEK OVER WEEK, SAYS EIA
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COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short tons (mmst) of coal in a week (For the week ended February 11, 2017), EIA said in its latest report.
According to EIA’s latest report, this production estimate is 3.1% lower than last week's estimate and 21.9% higher than the production estimate in the comparable week in 2016.
East of the Mississippi River produced totalled an estimated 6.5 mmst (down 4.41% week over week) and west of the Mississippi River produced totalled an estimated 10 mmst (down 1.96% week over week), according to weekly figures released by the US Energy Information Agency (EIA), on February 16, 2017.
U.S. year-to-date (as of February 11, 2017) coal production totaled an estimated 95.9 mmst, 16.3% higher than the comparable year-to-date coal production in 2016.
2016 Coal Output
U.S. coal production is estimated to have declined by 158 million short tons (MMst) (18%) in 2016 to 739 MMst, which would be the lowest level since 1978. EIA expects growth in coal-fired electricity generation to contribute to a 3% increase in coal production in 2017. Coal production is expected to increase by 1% in 2018.
Coal Exports
Coal exports in November 2016 totaled 6.6 MMst, which was 35% higher than in October and 39% higher than coal exports in November 2015. Despite the monthly and year-over-year increases, EIA estimates that U.S. coal exports declined by 20% in 2016 to 59 MMst, the lowest level since 2009. Exports are expected to average 51 MMst in 2017 and 50 MMst in 2018.
Coal Imports
EIA further says in its Quarterly Coal Report, the United States continued to import coal primarily from Colombia (79.7%), Canada (11.8%), and Indonesia (6.2%).
No imports were recorded from Australia for third quarter 2016.
U.S. coal imports in third quarter 2016 totaled 2.7 million short tons. The average price of U.S. coal imports during the third quarter 2016 was $62.70 per short ton.
U.S. electricity generation
Total U.S. electricity generation from utility-scale plants averaged 11,150-gigawatt hours per day in 2016. Forecast U.S. generation declines by 0.1% in 2017, then grows by 1.5% in 2018.
Source: EIA
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Friday, 24 February 17
RUSSIAN OIL AND GAS WITHSTANDS OIL PRICE SHOCK - FITCH RATINGS
Fitch Ratings says in a new report that the Russian oil and gas sector has withstood the oil price stock of 1H16. Key events of 2016 include record ...
Friday, 24 February 17
US WEEKLY COAL OUTPUT ESTIMATED AT 16.8 MMST - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
Thursday, 23 February 17
ULTRA SUPRAMAX: INDONESIA TO INDIA IS GETTING AROUND $10-11K BASIS SINGAPORE DELIVERY
Supramax
The week started off quietly in the Atlantic with more activity in the Pacific basin.
According to Fearnleys weekly report, frontha ...
Wednesday, 22 February 17
TANKER MARKET INSIGHT - KATERINA RESTIS
In 2016 a session of the IMO committee in London, set the new prerequisites effective from January 2020, which will necessitate global Sulphur cont ...
Tuesday, 21 February 17
INDIA'S JANUARY COAL IMPORTS DECLINE 21.7 PERCENT YEAR -ON-YEAR TO 14.31 MT - PTI
Coal imports declined by 21.7 per cent to 14.31 million tonnes in January as the power utilities did not lift much fuel due to abundant stock avail ...
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- Therma Luzon, Inc, Philippines
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- SMC Global Power, Philippines
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- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
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- Economic Council, Georgia
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- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
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