Coal May Regain Power Market Share

Bloomberg reported as deferred shipments pour in, coal may regain some market share for power generation from natural gas.

As quoted in the report:

Cheap gas displaced coal for making electricity earlier in the year, leading to high stockpiles of the fuel and prompting utilities to postpone deliveries.

Shiyang Wang, an analyst in New York at Barclays Capital commented:

 Deferred coal shipments also create an additional headwind for natural gas consumption in the U.S. power sector through the summer.

Click here to read the full Bloomberg report.