Germany intends to restart 16 power plants running on fossil fuels, mainly coal and oil, to avoid electricity shortages due to an expected Russian cut in exports to Berlin, The Kyiv Independent reported on Sunday 17 July. The newspaper pointed…
Continue ReadingGas and coal prices continue to rise to record levels that will boost Australian revenues next year (2023), as it seems that the repercussions of the Russian invasion of Ukraine will not be enough to stand behind market volatility during…
Continue ReadingAlthough Europe's decision to ban Russian coal will affect a major source of Moscow's revenue, it risks soaring electricity prices on the old continent, amid tight global supplies. The European Union on Friday formally adopted the fifth package of sanctions…
Continue ReadingCoal stocks in the United States fell to their lowest level in 43 years last September, as power plants closed and consumption increased. A report issued by the US Energy Information Administration today, Tuesday, showed that total coal stocks in…
Continue ReadingThe citizens of Nigeria recently woke up to a crazy rise in the prices of liquefied petroleum gas, or “cooking gas,” which prompted most families to use firewood and coal. Evidence suggests that Christmas rituals will be affected if cooking…
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