Lower US Coal Demand Offset By Exports

Bloomberg reported that the United States is exporting more coal as domestic demand lags.

As quoted in the market news:

Coal exports in April touched a record 12.5 million tons and are on pace for 150 million this year, Raymond James said. That would be about 40 percent higher than the 107 million exported in 2011, the most since 1991, according to Energy Department data.

Click here to read the full Bloomberg report.