Friday 15 February 2019

GRAPHIC-Global coal, LNG prices tumble as supply surges and demand weakens | Reuters

GRAPHIC-Global coal, LNG prices tumble as supply surges and demand weakens | Reuters:

Thermal coal and natural gas prices are tumbling, with both falling their lowest since 2017, as the outlook for the most used power generation fuels darkens due to tepid demand.

Feeding an emerging glut is a surge in exports.

Refinitiv trade data showed shipments of liquefied natural gas (LNG) from key exporters Australia, Qatar, Malaysia and the United States rose to a record 19.5 million tonnes in January, up from 14.5 million tonnes two years ago.

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