.png)
BREAKING NEWS
Coal Rises as Oil Prices Surge
Thermal coal futures rose toward $130 per ton in mid-August, paring recent losses as oil prices surged amid persistent uncertainty over a US-Iran deal to end the conflict and reopen the Strait of Hormuz. Higher oil prices increase the incentive for fuel switching, particularly among energy-importing countries across Europe and Asia. Meanwhile, China’s National Development and Reform Commission and National Energy Administration released the “15th Five-Year Plan for Coal Industry Development,” which aims to lift the proportion of capacity from large, modernized coal mines to 87% and that from intelligent mines to 75% by 2030. The plan also calls for an annual reserve of more than 100 million metric tons of production capacity and seeks to accelerate the closure of outdated mines through market-based and legal measures, while enforcing strict replacement requirements for new capacity.
Source: Trading Economics
#latestnews #theshippingtribune #coalprice #coalrises #oilprice
Comments