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International Coal Prices

HSBC Downgrades Indian Equities Again as Oil Shock Deepens April 23, 2026
HSBC has issued its second downgrade for Indian equities in a month citing the impact of the oil crunch caused by the war in the Middle East on the Asian powerhouse. “India now looks less attractive than North East Asian peers in the current macro setting,” the bank’s analysts said in a note today, as […]
Chevron Restarts Wheatstone LNG Amid Global Gas Shortage April 23, 2026
Chevron has restarted production of liquefied natural gas at its Wheatstone project in Australia after repairs prompted by cyclone damage in March. The repairs took a while due to the severity of the damage. “Extreme winds associated with the cyclone damaged several hundred air-cooled heat exchangers, known as ‌fin fans, making the repair programme a […]
Strait of Hormuz Traffic Grinds to a Halt Again as Iran Fires on Passing Ships April 23, 2026
Traffic via the Strait of Hormuz has been paralyzed again, with Bloomberg reporting there was only one vessel attempting to exit the strait and none trying to enter. The lonely vessel was a bulk carrier. The freeze followed Iran's late Wednesday firing on three vessels traversing the strait, saying that the ceasefire it had agreed […]

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