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U.S. Cuts 2016 Coal Production Outlook

first_imgU.S. Cuts 2016 Coal Production Outlook FacebookTwitterLinkedInEmailPrint分享Molly Christian for SNL:The U.S. government cut its coal production outlook for 2016 as the year began with the lowest monthly production total since July 1983.The U.S. Energy Information Administration estimates that domestic coal production totaled 59 million tons in January, a 7% decline versus the prior month. The government agency expects that U.S. coal production will total 834 million tons in 2016, a 2.2% decline versus the prior outlook and a 6.4% decline versus the prior-year total of 890 million tons. For 2017, the EIA expects that coal production will rise 0.9% to 841 million tons, a 0.3% decline versus the prior outlook.The government agency expects the Interior region to account for 20% of domestic production in 2016 and 2017, up from 13% of production a decade ago, as production declines at a slower rate than that of the Appalachian and Western regions.“This increase in share reflects the [Interior] region’s growing competitive advantages compared with other U.S. coal-producing regions, [including] higher heat content, closer proximity to major markets than Western region coal, and lower mining costs than Appalachia-produced coal,” the report said.Meanwhile, the EIA expects power-sector coal demand will remain flat as increased demand resulting from rising natural gas prices is offset by growing renewables penetration of the power market and coal plant retirements. The government agency projects that power-sector coal demand will slide 0.1% to 746 million tons in 2016, a 0.9% decline versus the prior outlook, before recovering 0.5% in 2017 to 750 million tons, up 0.9% versus the prior outlook.Full articlee ($): US government trims coal production outlook, projects demand to remain flatlast_img read more

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