U.S. metallurgical coal, used mostly as a raw material in the steelmaking procedure has been sold on export markets for more than double the price of U.S. coal, used mostly as an input fuel during power production in six out of the last seven years, according to an April 24 report published by the U.S…....
Shipping traffic from the Port of Baltimore, the second-largest coal exporting hub in the U.S., has temporarily paused after the collapse of the Francis Scott Key Bridge into the Patapsco River on March 26, according to a report published by the U.S. Energy Information Administration. This has impacted U.S. energy related trading dynamics. The Port…...
The U.S. is projected to retire 5.2 gigawatts (GW) of electricity generating capacity in 2024, according to a Feb. 20 report published by the U.S. Energy Information Administration. The expected retirement of power generating capacity this year is 62 percent lower than 2023 and is the lowest yearly decline since 2008. Coal and natural gas…...
Russia’s coal trading dynamics have been significantly impacted by the country’s invasion of Ukraine and the consequent sanctions imposed by some nations. Russian coal imports to China, Turkiye, South Korea and India have increased significantly, while Russian coal imports to European countries declined following the sanctions, according to a report issued on Jan. 22 by…...
U.S. coal exports to Europe increased by 22 percent to 33.1 million short tons (MMst) between August 2022 and July 2023, compared to the same period before the implementation of EU sanctions on coal from Russia (August 2021 – July 2022), according to a Nov. 2 report published by the U.S. Energy Information Administration. In…...
In the most recent winter heating season during Nov 1–March 31, U.S. electricity generation from natural gas was the highest in over 25 years. Setting a record at 619 billion kilowatt-hours (BkWh), gas-fired generation averaged over 120 BkWh per month and accounted for 38 percent of U.S. power generation mix, according to a June 6…...
Electricity generation from wind and solar energy are projected to account for 16 percent of total U.S. generation in 2023, double the level of 8 percent in 2018, according to the U.S. Energy Information Administration. On the other hand, the share of coal and natural gas generation are expected to fall to 18 percent and…...
The U.S. trading hubs’ average wholesale electricity prices increased in 2022 compared with 2021 on account of extreme weather conditions and the limited supply of coal to replace higher-priced natural gas, according to a Jan. 10 report from the U.S. Energy Information Administration. Extreme weather and manpower shortages in the railroad and coal mine industries…...
Coal accounted for the largest share of electricity generation in 15 U.S. states during 2021, according to a report published on Dec. 7 by the U.S. Energy Information Administration. The number of states using coal as compared to other energy sources has declined from 32 in 2001, with the U.S. shifting away from coal generation…
Twenty Three percent of the 200,568 megawatts of coal fired power capacity presently operating in the U.S. is expected to retire by the end of 2029, as a result of firm competition from gas and renewable resources, according to the U.S. Energy Information Administration’s Monthly Electric Generator Inventory. A yearly average of 9,450 megawatts of…...
The New Mexico Environmental Improvement Board on Oct. 28 implemented regulations that adopt a new air quality standard to severely reduce the quantity of carbon dioxide emissions from coal power stations in the state. The standard, which was adopted in the 2019 Energy Transition Act, pertains to new and currently active power facilities and limits…...
The U.S. Energy Department on Sep. 19 announced a $156 million grant to establish a unique refinery facility for separating rare earth elements and critical minerals from mining wastes and other unconventional sources. Rare earth elements and critical minerals are considered important for clean energy technologies’ manufacturing. The funding, provided by the 2021 Infrastructure Investment…