Rebekah's Feed
Dec 1, 2011

Asia Coal-Australia thermal coal prices drop, buyers scarce

PERTH, Dec 1 (Reuters) – Australia’s thermal coal
prices, the benchmark for Asia, fell to around $111 per tonne
during the past week as North Asia demand continued to flounder
despite the approach of winter.

Thermal coal on the global COAL Newcastle index for the week
to date closed at $111.04 per tonne on Wednesday, down from
$113.21 per tonne a week earlier.

Nov 17, 2011

Asia Coal-Australia thermal coal prices drop with China demand

PERTH, Nov 17 (Reuters) – Australia’s thermal coal
prices fell below $114 per tonne during the past week as demand
from China, the world’s largest consumer of the fuel, remained
weak.

Thermal coal on the global COAL Newcastle index for the week
to date closed at $113.50 per tonne on Wednesday, down from
$116.50 per tonne a week earlier, with a bid for January
delivery at $113.50 per tonne.

Nov 17, 2011

Australia’s Origin signs binding sales agreement with Kansai

PERTH, Nov 17 (Reuters) – Origin Energy said
on Thursday it had signed a binding heads of agreement to supply
Japan’s Kansai Electric Power with liquefied natural
gas (LNG) from its Australia Pacific LNG project in eastern
Australia.

The contract will pave the way for Origin to make a final
investment decision on a second train for the project, but the
company is still in talks to secure the rest of the buyers it
needs to go ahead with the project early next year.

Nov 16, 2011

Insight: Australia’s coal-seam gas industry feels political heat

GUNNEDAH, Australia (Reuters) – - On a recent spring day in the small Australian farming town of Gunnedah, an unlikely protestor takes the microphone to open a rally against the rapidly growing coal-seam gas industry: national radio talk-show host Alan Jones.

Jones, who broadcasts out of Sydney, has come to this remote community to show solidarity with a few hundred locals carrying yellow triangular signs reading “Farms Not Gas” and “Coal Seam Gas Stinks,” part of a growing revolt against an industry spreading rapidly across the Australian landscape.

Nov 16, 2011

Australia’s coal-seam gas industry feels the political heat

GUNNEDAH, Australia, Nov 16 (Reuters) – - On a recent
spring day in the small Australian farming town of Gunnedah, an
unlikely protestor takes the microphone to open a rally against
the rapidly growing coal-seam gas industry: national radio
talk-show host Alan Jones.

Jones, who broadcasts out of Sydney, has come to this remote
community to show solidarity with a few hundred locals carrying
yellow triangular signs reading “Farms Not Gas” and “Coal Seam
Gas Stinks”, part of a growing revolt against an industry
spreading rapidly across the Australian landscape.

Nov 3, 2011

Asia Coal-Australia thermal coal prices fall on lower demand

Nov 3 (Reuters) – Australia’s thermal coal prices continued
to drop with spot purchases from major buyers Japan, South Korea
and Taiwan at a minimum and Chinese utilities on the sidelines
as they waited for clearer indications of demand.

Thermal coal on the global COAL Newcastle index for the week
to date closed at $117.13 per tonne on Wednesday, down from
$117.44 per tonne a week earlier.

Nov 1, 2011

Oil prices slip; FOMC, G20 meetings eyed

PERTH, Nov 1 (Reuters) – Oil prices slipped on Tuesday on a
stronger U.S. dollar, continuing uncertainty about the
resolution of the euro zone’s debt crisis and the collapse of MF
Global Holdings.

The U.S.-based futures brokerage MF Global filed for
bankruptcy protection following bad bets on euro zone debt. Its
meltdown in less than a week made it the biggest U.S. casualty
of Europe’s debt crisis and the seventh-largest bankruptcy by
assets in U.S. history.

Nov 1, 2011

Oil prices slip; market eyes FOMC, G20 meetings

PERTH, Nov 1 (Reuters) – Oil prices slipped on Tuesday on a
stronger U.S. dollar, continuing uncertainty about the
resolution of the euro zone’s debt crisis and the collapse of MF
Global Holdings.

The U.S.-based futures brokerage MF Global filed for
bankruptcy protection following bad bets on euro zone debt. Its
meltdown in less than a week made it the biggest U.S. casualty
of Europe’s debt crisis and the seventh-largest bankruptcy by
assets in U.S. history.

Oct 31, 2011

Oil prices drop on stronger dollar, weaker demand

PERTH, Oct 31 (Reuters) – Oil prices fell on Monday, weighed
down by a stronger dollar and weaker demand, with investors
eyeing a Group of 20 meeting later this week which will focus on
the European debt crisis.

The U.S. dollar climbed to a three-month high against the
yen on Monday after Japan intervened in currency markets to stem
the yen’s rise. The U.S. dollar index also rose around
1.5 percent against a basket of currencies.

Oct 31, 2011

Oil prices slip; G20 meeting eyed

PERTH (Reuters) – Oil prices fell on Monday, with traders cautious ahead of the Group of 20 leaders’ meeting later this week that will focus largely on the European debt crisis.

Euro zone leaders reached a deal last week to recapitalize their banks, strengthen the euro zone rescue fund and impose hefty losses on holders of Greek debt, and the market was looking for more positive news out of the euro zone to provide a floor for prices.

    • About Rebekah

      "Based in Perth, Australia, I cover coal and gas in Asia. Before moving to Perth, I covered oil and fuels like gasoline and diesel in New York City, including the climb of oil prices to a record high near $150 per barrel."
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