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Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
.jpg) We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired generation declined each year between 2014 and 2020, it rose 16% in 2021 as a result of increased electricity demand and higher natural gas prices following the pandemic. Despite natural gas prices remaining high, coal-fired generation has continued its previous trend of decline this year as a result of constrained coal supply.
Coal and natural gas are two of the most prevalent sources of power generation in the United States. Natural gas-fired power plants that use modern combined-cycle technology can compete effectively with coal-fired generation because they operate with 30% to 35% greater efficiency. This difference affects relative fuel costs between coal and natural gas and the substitution between the two fuels.
Between 2020 and 2021, the delivered cost of natural gas for power generators nearly doubled while the delivered cost of coal grew by only 3%. The increase in natural gas prices caused the share of total natural gas-fired generation to fall to 37% in 2021 from 39% in 2020. In contrast, coal-fired generation increased in 2021 for the first time since 2014 and averaged 23% of U.S. generation, up from 20% in 2020.
The cost of delivering fuel to coal-fired and natural gas-fired generators depends on a wide variety of factors. Wholesale power prices are generally set by the price of natural gas, and natural gas prices have been volatile throughout most of 2022. Compared with coal-fired generators, costs for natural gas-fired generators are more dynamic. Natural gas is bought mostly in the daily, monthly, and seasonal markets to align fuel needs with power sales, which can be highly uncertain. Costs for coal-fired generators are more static because delivered coal prices are mostly based on long-term contracts and remain relatively steady for longer periods. So far this year, as reported to EIA, the delivered price of natural gas has increased more in percentage terms than the delivered price of coal, but natural gas prices for generators may decrease substantially in the fourth quarter.
Despite higher natural gas prices in 2022, we expect natural gas-fired generation will increase slightly this year, and its share of annual U.S. generation will increase from 37% to 38%. The electric power sector is not moving away from natural gas as we expected previously because coal-fired power plants, which have historically acted as a substitute for natural gas generation, have not been receiving enough coal to meet demand. We expect coal production to increase by less than 2% during 2022, and we expect much of that gain to be exported. We expect that the share of generation provided by coal will return to 20% in 2022, down from 23% last year.
Most coal is delivered to power plants by railroads in the United States, which have encountered a number of disruptions this year. Although U.S. coal inventories have been declining in recent years as coal-fired generators have retired, the limitations on coal deliveries have further constrained generators’ ability to replenish stocks and increase generation. During the first seven months of 2022, coal inventories at power plants averaged 23% lower than in 2021.
Source: EIA
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Wednesday, 05 October 22
BUNKER PRICES DOWN AGAIN; IS THERE MORE TO COME? - INTEGR8 FUELS
It’s the economy…..”
VLSFO prices are now back to levels at the start of this year. After all the extremes of thi ...
Wednesday, 05 October 22
MARKET INSIGHT - INTERMODAL
Amid the looming western sanctions on Russia, the country is challenged to pivot its energy markets away from Europe and toward the East. Yet, Russ ...
Tuesday, 04 October 22
A REMARKABLE SHIFT IN FORTUNES HAS BEEN NOTED IN THE CRUDE OIL TANKER MARKETS - ALLIED SHIPPING
A remarkable shift in fortunes has been noted in the crude oil tanker markets over the past month, yet despite these shifts being seemingly in thei ...
Tuesday, 04 October 22
OIL PRICES COULD SOON RETURN TO $100 AS OPEC+ CONSIDERS ‘HISTORIC’ CUT, ANALYSTS SAY - CNBC
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start ...
Tuesday, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
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- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Australian Coal Association
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Eastern Energy - Thailand
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
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