The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the Apr-Jun quarter, according to the Bank’s latest Commodity Markets Outlook, a quarterly update on the state of the international commodity markets. The Bank reports that energy … Continue reading
As winter grips the UK, a group of Russian coal companies with leaders closely linked to President Vladimir Putin are enabling British power companies to keep the country’s lights on – a precarious position as the sanctions rhetoric rises once again. By Nick Kochan in London BNE Three Russian firms, SUEK, KRU and SDS Coal, produce … Continue reading
By BNE IntelliNews The Polish government is planning to close around 15% of the country’s coal mines as part of its rescue strategy for the struggling sector, local media reported on January 5. According to an unconfirmed report by Dziennik Gazeta Prawna, the government plan – which was originally meant to have been released before the end of 2014 – will … Continue reading
By Shannon Tiezzi The Diplomat A cap on Chinese coal use will determine the success or failure of the Chinese government’s recent pledge to cap all emissions by 2030. On a larger scale, a Chinese cap on coal could be the single most important factor in whether or not the world is able to prevent catastrophic … Continue reading