1. Supply Disruptions Ratchet Up Pressure on Coal- There has been a noticeable uptick in union action this year, and a wage strike at South Africa’s port and rail operator Transneft succeeded in shutting down ports across the country, adding to upside pressure on coal prices. - Coal flows out of South Africa were as low as 600,000 tons last week, the lowest in more than a year, which is definitely bad news for the EU, increasingly reliant on the African country’s exports.
- Halting a month-long downward slide, API2 coal futures have…Energy Bills Continue To Climb For U.S. Households
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