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Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Institute and KPMG in a report titled 2024 Statistical Review of World Energy.
 
As for rising carbon intensity, fossil fuel use was accelerating in India and many African nations, outpacing the growth of renewables, the organisations observed.
 
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Institute and KPMG in a report titled 2024 Statistical Review of World Energy.
 
As for rising carbon intensity, fossil fuel use was accelerating in India and many African nations, outpacing the growth of renewables, the organisations observed.
 
Anish De, Global Head for Energy Natural Resources & Chemicals, KPMG International said, “The 2024 report confirmed some of our apprehensions. Globally, energy demand has gone up 2% and emissions exceeded 40 Gross Tonnage for the first time, rapidly eating into the available carbon budget. Although the contribution of renewables has risen, in absolute terms all fossil fuels are also hitting all-time highs. ‘‘
Source: The Hindu


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Friday, 20 August 21
ARE WE LOOKING AT THE NEXT DRY BULK SUPER CYCLE? IS IT EVEN A CYCLE? - BIMCO
Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have soared to multi-year highs ...


Friday, 20 August 21
BIMCO'S SHIPPING NUMBER OF THE WEEK: CHINESE IRON ORE IMPORTS FALL TO 14-MONTH LOW IN JULY - PETER SAND
Chinese iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020. The fall in July means that accumulated imports are ...


Friday, 20 August 21
SOARING DEMAND FOR THE WORLD’S LEAST-LIKED COMMODITY SEES THERMAL COAL PRICES JUMP 106% THIS YEAR - CNBC
Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s least ...


Friday, 20 August 21
CHINA’S IRON ORE IMPORTS CONTRACTED YEAR-ON-YEAR BY 2% IN 2018 AND GREW YEAR-ON-YEAR BY ONLY 1% IN 2019 - COMMODORE RESEARCH
Examining the last ten years of China’s crude steel output and  iron ore imports shows that China’s iron ore imports have stayed r ...


Friday, 13 August 21
INDONESIA’S COAL EXPORTS TO JAPAN DECLINED BY -26.3% YOY TO 11.9 MLN TONNES IN THE FIRST 7 MONTHS OF 2021; STILL THE SECOND LARGEST SOURCE FOR JAPAN’S COAL IMPORTS IS INDONESIA - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. Total global loadings in the 12 months of 2020 were down -12.7% year-on-yea ...


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