The global oil market is going through an upheaval, with non-OPEC production led by North American producers surging while OPEC’s traditional price-setting role changes. First, US oil production and proven oil reserve growth over the past several years is astonishing. … Read the rest
There will not be power cuts as a result of the Majuba power station crisis anywhere in the country, Eskom said.
“There will be no load shedding today . We managed to restore coal supplies to two of the six … Read the rest
China, the world’s top coal importer, will levy import tariffs on the commodity after nearly a decade, in its latest bid to prop up ailing domestic miners who have been buffeted by rising costs and tumbling prices.
The sudden move … Read the rest
A surprise credit rating downgrade comes on top of higher-than-expected coal prices – which could allow the state-owned energy … Read the rest
JOHANNESBURG, June 25 2012 — A water crisis is looming in South Africa, communities are at risk of losing access to water, and coal is right in the middle of it, according to a report released by Greenpeace today. This … Read the rest