WHITF News and Press, Whitehaven Coal Ltd From 06/15/22

On the back of news that the US's largest LNG export facility would be down for 90 days, and partially offline until year end, Russia has elected to dial down natural gas exports to Europe. The Kremlin has halted another turbine at a compressor station connected to the Nord Stream pipeline, i...

Teck Resources, the largest coking coal producer in N. America, has soared in value in large part due to its spectacular coking coal operations. Teck strongly believes that demand will remain robust -- not for months or years -- for at least 2-3 more decades. Colonial Coal has 2 h...

Morgan Stanley is the first bank to make an attempt at forecasting European natural gas balances without supplies of Russian fuel. The bank believes that a combination of demand destruction and increased LNG imports will be required to balance markets. Noting that prices for gas in Europe are...

Central Appalachia coal prices surged to $106/t last week, the highest level since 2008; Illinois prices rose to $109/t, a new record for the basin. Seaborne thermal coal prices traded above $400/t in early March, as natural gas scarcity in Europe drove utilities globally to switch from gas t...

Disturbing reports from Ukraine over the weekend prompted EU leaders to address the prospect of further Russian sanctions, including energy sanctions. France's Macron called for a ban on Russian oil and coal imports. While Germany's defense minister said Sunday that the EU must discuss bannin...

Poland is a major thoroughfare for Russian energy supplies, and Wednesday the country announced steps to halt Russian oil imports by year end. The news comes one day after Poland took steps to block Russian coal imports.  Poland directly consumes ~330kb/d of Russian crude (CO1:COM)....

President Biden is set to travel to Europe later this week, where he plans to announce a joint action on enhancing European energy security, according to national security adviser Jake Sullivan. In the very near term, there's little the US can do to increase energy supplies to Europe; US LNG ...

Front-month newcastle thermal coal prices have averaged ~$75 per metric ton for much of the past decade. In trading Wednesday alone, the May 2022 futures contract rose by ~$135 per metric ton, reaching a fresh all-time high of $425.  The drivers are well understood. Coal supply is not gr...

The National Development and Reform Commission "NDRC" asked major coal miners to reduce prices last week, after coal futures surged to their highest level in months. Thursday, Mining Weekly reported that two major data providers have stopped posting prices altogether, in hopes to "avoid ...

Peabody Energy share price up 372% in past 6 months but down significantly in September. Peabody’s controlling shareholder Elliott Management sold down from 29% to 23.7% (now 27,124,787 shares) in September, with call options over a further 1.5 million shares in October. De...