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US natural gas falls below $3 for first time since May 2021

  Bloomberg US natural gas futures extended declines below $3 amid mild winter weather that’s helped spark the worst selloff among country’s commodities. Gas for February delivery traded as low as $2.857 per million British thermal units on the New York Mercantile Exchange. Prices are at lowest levels since May 2021 after dipping below $3. Doomsday fears that suppliers wouldn’t ...

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UK grid warms back-up coal units for third time this week

Bloomberg National Grid Plc again requested that coal-fired power units prepare for service to bolster the network’s spare capacity, then called off the notice as it has done previously. The grid asked three coal stations to warm in the early hours, before cancelling the request for Electricite de France SA’s unit at West Burton shortly after 5 am local time ...

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Top African coal port lifts European sales

  Bloomberg South Africa’s Richards Bay Coal Terminal, the continent’s biggest export facility for the fuel, increased shipments to Europe last year to meet increasing demand even as the project struggled with infrastructure disruptions. Security issues, a wage strike and equipment shortages for state-owned rail operator Transnet SOC Ltd. cut coal deliveries from mines to the port, contributing to overall ...

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