EIA reduces its forecast for US coal exports following Port of Baltimore closure
Published by Will Owen,
Editor
World Coal,
The US Energy Information Administration (EIA) has decreased its forecast for US coal exports following the collapse of the Francis Scott Key Bridge and the resulting closure of the Port of Baltimore.
In its April Short-Term Energy Outlook (STEO), EIA reduced its forecasts for US coal exports for April by 33% and for May by 20% from previous forecasts.
EIA had previously expected US coal exports to increase by approximately 1% in 2024. The agency now expects a 6% decrease from 2023 coal export totals.
“We expect US coal exports to recover toward the end of the summer or early fall, but there is significant uncertainty based on the timeline for the port reopening and how quickly exporters can adjust to export through alternative ports”, said Joe DeCarolis, EIA Administrator.
Baltimore is the second-largest hub for coal exports in the US, accounting for 28% of coal exports in 2023.
The full April 2024 Short-Term Energy Outlook is available on the EIA website.
Read the article online at: https://www.worldcoal.com/coal/18042024/eia-reduces-its-forecast-for-us-coal-exports-following-port-of-baltimore-closure/
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