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Global coal prices surge as Ukraine tensions worsen supply woes | Hellenic Shipping News Worldwide

Global coal prices have shot back towards record highs as the Ukraine crisis raises expectations that European buyers will start loading up on the fossil fuel for fear that a standoff between Russia and western nations will cut off gas supplies. The benchmark Newcastle coal index has soared by over a third this month to .

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Global coal prices surge as Ukraine tensions worsen supply woes

Global coal prices shot back towards record highs as the Ukraine crisis raises expectations that European buyers will start loading up on the fossil fuel over fears of a standoff between Russia and western nations, which may cut off gas supplies. The benchmark Newcastle coal index soared by over a third this month to $262 a tonne, fuelled initially by a month-long export ban

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India asks utilities to import coal amid short supply as demand spikes | Hellenic Shipping News Worldwide

India asks utilities to import coal amid short supply as demand spikes | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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India asks utilities to import coal amid short supply as demand spikes | Hellenic Shipping News Worldwide

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India, Indonesia benefit as China s ban on Australian coal reshapes trade flows

India, Indonesia benefit as China’s ban on Australian coal reshapes trade flows India and Indonesia have emerged as key beneficiaries of a Chinese ban on Australia’s coal exports which is expected to further shift global trade in the fuel used for power generation and steelmaking this year. Australia, the world’s biggest coal exporter, will continue to benefit from growing Indian demand for its coal, made cheaper after it was shunned by China, analysts said. Coal traders and buyers expect India’s buying spree of Australian coal to last into next year due to its price and quality.

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