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API2 Rotterdam Coal Futures chart showing global coal prices falling, with May 2026 coal futures near 5.75 after a sharp weekly decline.

Global coal prices fall as API2 drops sharply and thermal coal markets soften

Global coal prices moved lower this week, led by a sharp correction in API2 European coal futures and softer sentiment across major thermal coal markets. Lower gas prices, easing geopolitical risk premium, cautious buying and weaker demand kept pressure on coal benchmarks across Europe, South Africa, Indonesia and Australia. Global coal prices weakened this week as API2 European coal futures […]

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Bar chart comparing coal and solar levelised cost of electricity across ASEAN countries in 2024

Coal economics in Southeast Asia’s energy crisis

A new Zero Carbon Analytics report examines how the latest oil and gas price shock is affecting power choices across Southeast Asia. It argues that the crisis is renewing focus on coal in the short term, while also intensifying scrutiny of coal economics in Southeast Asia’s energy crisis as governments weigh affordability, fuel security and future power demand. Zero Carbon […]

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Line chart showing annual US electric power coal consumption declining from around 1 billion short tons in the early 2000s to about 400 million short tons by 2024.

Coal in US energy security: future scenarios, risks and opportunities

Coal in US energy security is shifting from a dominant fuel source to a tactical reliability tool as electricity demand rises from AI, data centres and reindustrialisation. The report argues that coal may gain short-term support through delayed retirements and higher utilisation, but its long-term role will likely remain limited as gas, nuclear, storage and transmission expand. Coal in US […]

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Line chart showing monthly changes in U.S. coal stocks held by the electric power sector, with inventory builds in early 2026 and smaller draws later in the year.

U.S. coal outlook 2026 shows lower power burn and stock builds

The U.S. coal outlook 2026 points to weaker coal use in the power sector as electricity generation shifts further toward gas and renewables. EIA expects coal consumption and production to decline this year, while utility coal inventories build during the first half before easing later in the year. The U.S. coal outlook 2026 remains soft as lower coal-fired generation reduces […]

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