Latest: Energy News

Spot thermal coal prices for the Newcastle Port benchmark have soared 35% over the past week to a record $353.75 a tonne, stoked by supply shortages

Jet fuel prices have soared, leaving global carriers who have already been hammered by Covid-19 over the last two years having to pass on higher costs via fuel surcharges and increased fares

Prices of thermal coal, typically used to generate electricity, have shot to record highs due to increased buying by Europe after sanctions on Russia

European diesel supplies have shrunk following the disruption caused by sanctions imposed on Russia in response to its invasion of Ukraine

Huge imports of the metal into China, much of it by speculators taking advantage of relatively low prices, consumed the market surplus in 2021, a global trade body said

It was a message that rattled US Twitter users rather than people in Taipei, who were more concerned about traffic lights going down

US President said the move would deal a blow to Putin’s ‘war machine’ but warned of inevitable gasoline price rises