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It's Not Over Yet for Coal as Global Prices Surge on...

Indonesia, currently the No. 1 source of coal for Asia’s largest economy, has been hit by heavy rainfall. That’s seen total shipments drop about 15% below pre-virus levels, Morgan Stanley said in a note this week. Indonesian coal futures on the Singapore Exchange also rose to an all-time high in May. The Cerrejon mine in Colombia has been hit by blockades of a rail line and port last month. The company said May 30 that it would be gradually reopening. Even with China’s import ban, Austral...
United States South Korea La Guajira James Stevenson Matthew Boyle Andrew Cosgrove

Oil Steadies After Rallying to Highest Level Since October 2018

(Bloomberg) -- Oil steadied in Asia after closing at the highest level since October 2018 as an industry report pointing to a decline in U.S. crude stockpiles reinforced optimism over the demand recovery.Futures in New York traded near $69 a barrel after adding almost 4% over the previous two sessions. The American Petroleum Institute reported inventories fell by 5.36 million barrels last week, according to people familiar. That would be the biggest draw in a month if confirmed by official data.
New York United States Daniel Yergin International Energy Agency Markit Ltd Bloomberg Television
Source: yahoo.com

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Oil price rally continues on strong summer demand outlook

Oil price rally continues on strong summer demand outlook By Andres Guerra Luz on 6/2/2021 (Bloomberg) --Oil extended gains with signs of a recovery in demand from the U.S. to Europe stoking optimism among producers and analysts in the crude market. Futures in New York surged as much as 1.9% on Wednesday, while global benchmark Brent crude jumped to the highest intraday level since January 2020. Oil is in “strong demand right now,” Daniel Yergin, the oi...
New York United States Saudi Arabia Gulf Of Oman Iran General Ryan Fitzmaurice

There Will Be No Appreciable Climate Benefit From Electric Vehicles Until All Of Us Are Dead - But Instant Benefit Can Come From Filling-Up With Green Renewable American Ethanol Now!

8 out of 10 new cars sold in 2050. But it will still be a long road before they dislodge gasoline as the predominant fuel in transportation, IHS Markit Vice Chairman Daniel Yergin writes in his new book, The New Map: Energy, Climate and the Clash of Nations “Oil is no longer the unchallenged king in automotive transportation.
United States Democratic Republic Of The Congo City Of United Kingdom Daniel Yergin Thomas Edison

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