Coal

Here are the commodity trading companies driving trading prices and production. Futures Magazine publishes the ultimate list of top global commodity trading companies.

Oil prices are falling on reports of rising OPEC oil production, but the main culprit is likely the rising dollar.

Gold/Jim Rickards: Russia just bought 22 tonnes of gold in May. Brings total reserves to 1,700 tonnes. No news on how much bitcoin they bought. My guess is....zero.
You might have heard the news that the first new coal mine in a decade opened this month in a small Pennsylvania town called Friedens.
Coal’s fall from grace is a well-known story and has had a predictable impact on the one-and-only coal ETF (a telling fact on its own); from its peak in April of 2011 to the inevitable trough in January of 2016.
How do you get rid of an oil glut? How about a 104% solution? OPEC reportedly not only adhered to their agreed upon production cuts, but in March their compliance rate came in at an astounding 104%! Russia also vowed to be 100% complaint by the end of the month, shocking most of the OPEC watching world. This comes as Syria and North Korea are raising the geopolitical risk factors for oil. If that is not enough risk for you, then how about the news that the wild man with the dirty windbreaker jacket wants to make a comeback.
When President Donald Trump signed an executive order last week to sweep away Obama-era climate change regulations, he said it would end America's "war on coal", usher in a new era of energy production and put miners back to work.
Can Trump dig coal out of its slump?
China is considering forcing steel and aluminum producers to cut more output, banning coal in one of the country's top ports and shutting some fertilizer and drug plants as Beijing intensifies its war on smog, a draft policy document shows.
Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section of the coal sector that mines metallurgical coal - a variety used by steel makers instead of power plants - is gearing up for a Trump-inspired boom.