US domestic demand for thermal coal will fall in the near term as individual states shut down much of the industrial economy to try and stem the coronavirus pandemic, and as slowing economic activity cuts US electricity demand in the second quarter of 2020, Moody’s Investors Services said Thursday in a research note, adding that it expects an unprecedented shock to the global economy in the first half of 2020.
News ID: 8893 Publish Date : 2020/03/27
The shift from coal to cheaper and cleaner fuel sources like natural gas and renewables claimed another victim in the US last week.
News ID: 7167 Publish Date : 2019/11/01