Thermal coal's spectacular rally in Asia is now running the risk of becoming a victim of its own success, with the fuel becoming uncompetitive versus liquefied natural gas (LNG) priced against crude oil.
Chinese steel futures declined on Monday, with rebar leading the declines after falling to an over 10-day low, as slower-than-expected growth in industrial output and cooling construction activities in the country weighed on prices.
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EIA sees increase in energy-related CO2 - August 15, 2021 petroleumnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleumnews.com Daily Mail and Mail on Sunday newspapers.
Severe droughts are drying up rivers and reservoirs vital for the production of zero-emissions hydropower in several countries around the globe, in some cases leading governments to rely more heavily on fossil fuels.