Global coal demand surges as buyers seek alternatives to disrupted Middle East oil and gas supplies, per shipping data.
Global coal imports are set to reach their third-highest monthly level on record in April, driven by a scramble for fuel amid severe disruptions in Middle East oil and gas supplies. Analytics firm Kpler estimates the surge reflects buyers diversifying energy sources as traditional supply chains face unprecedented challenges.
The spike follows the worst oil and gas supply disruption in history, forcing even regions committed to phasing out coal to reconsider. March and April shipments accelerated sharply, signaling a broader shift in energy procurement strategies.
Markets have yet to fully price the long-term implications, though short-term commodity traders are adjusting positions in response to the supply squeeze.