The EU has extended its bans on Russian coal and seaborne crude oil imports by six months until 31 July as Russia’s war on Ukraine continues. The bans are part of the bloc’s wider sanctions aimed at reducing Russia’s revenues from international trade and thwarting its...
Russia’s reliance on four, mainly Asian, countries to import its coal has increased since some countries implemented sanctions against Russia after it invaded Ukraine, according to Global Trade Tracker data. This trade shift corresponds with increased coal exports...
China’s imports of Mongolian coking coal may rise to a record in 2024, after more than doubling in 2023, on improving transport links and its lower price versus domestic and international supplies, traders and miners said. China is the world’s biggest...
Global coal use is expected to reach a record high in 2023 as demand in emerging and developing economies remains strong, the International Energy Agency (IEA) has said. The demand for coal is seen rising 1.4 percent in 2023, surpassing 8.5 billion tonnes for the...
Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel. Dozens of insurers have announced...
