Poland’s new government signaled on Monday it would be looking to set an end date for using coal for power generation, a senior government official said. “Only with an end date we can plan and only with an end date industry can plan, people can plan. So yes, absolutely, we will be looking to set…
A UK-registered vessel has become the target of attack off the Yemeni coast, with military authorities saying that the crew had abandoned the vessel. The UK’s Maritime Trade Operations authority reported the incident and said that military authorities remained on the scene to provide assistance, adding advice for ships in the area to transit with…
According to The Hill more than a third of the U.S. workforce is now over 50, and this figure is set to grow. This statistic is reflective of changes in social security and the decline of traditional defined benefit pensions, both of which mean people are working longer. Despite this normalcy, the reality is that…
Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in a “60 Minutes” interview with Scott Pelley released Sunday. “The U.S. federal government’s on an unsustainable fiscal path. And that just means that the debt is growing faster than the economy. So, it is unsustainable. I don’t think that’s at…
Colombian coal shipments to Asia are about to reach a record high of 2.3 Mt in June. Kpler data shows that coal exports to Asian destinations have been on the rise since January 2023. In June, 0.9 Mt of Colombian coal were already shipped to Asia, compared to 1.3 Mt in May. With a Columbia-East…
Morning corn prices are up by a penny to 1 ¾ cents so far heading into the last trading day of the week. The front month futures dropped another 4 to 5 ¾ cents on Thursday, setting a new contract low for the 6th session in a row. The March…
Former President—and current Presidential candidate—Donald Trump—won’t be able to stand in the way of the Energy Transition, John Kerry said on Tuesday at the International Energy Agency ministerial meeting. The U.S. Special Presidential Envoy for Climate did warn, however, that President Trump could reverse the efforts made in anti-coal diplomacy. “Even when President Trump was…
Equinor has signed a 15-year agreement to supply LNG to India’s Deepak Fertilisers, which will use the gas mainly as a feedstock for ammonia production at a new plant, the Norwegian energy major said on Monday. Equinor is growing its LNG portfolio and will use the super-chilled fuel from its operated Hammerfest LNG export plant…
Chinese electric vehicle major BYD is considering opening a factory in Mexico, the Wall Street Journal has reported. Citing unnamed sources, the publication said that BYD was scouting for suitable locations. The factory would manufacture cars for the U.S. market, the sources also said. Chinese EV makers are the top sellers globally after Tesla. That’s…
British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fueled by China dumping coal. “Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 million tonnes a year in…