Articles Tagged "coal demand"

Coal Use at Highest Level Since 1970

Writing for Oilprice.com, Nick Cunningham pointed out that the amount of coal burned in 2013 was enough to meet 30.1 percent of the world's energy demand, the highest percentage in over 40 years. The author cited statistics from BP's (NYSE:BP) Statistical Review of World Energy.

Coal More Popular than LNG in Japan

The Globe and Mail reported that Japan's coal use has increased as it "tries to lower the cost of replacing nuclear energy," with the result being that its 10 main utilities used almost 16 percent more coal in the first 10 months of 2013 than they did in the year-ago period. Further, they increased their imports of the fuel by 11 percent.

Thermal Coal Prices to Rise in Medium Term, Says Glencore Xstrata

Reuters reported that according to Glencore Xstrata plc (LSE:GLEN), thermal coal prices are likely to rise in the medium term, partially due to high electricity demand in Asia. The fact that the fuel is currently in oversupply due to "healthy exports from major producers" and "modest demand" will also contribute to a price rise.