Coal, like oil, lifted by supply squeezes and record demand

June 7, 2016

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All major benchmarks for thermal coal – the world’s second most important energy fuel after crude oil – have pushed back above $50 a tonne for the first time this year, driven by output cuts, supply disruptions and increased demand. After years of declines, tightening fundamentals have been supported by a surge in oil prices and a weakening dollar, while storms in some producing regions and hot weather in Asia have exacerbated price movements.

Category: General