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$Geo Energy Res (RE4.SG)$$Golden Energy (AUE.SG)$ Newcastle ...

$Geo Energy Res (RE4.SG)$ $Golden Energy (AUE.SG)$
Newcastle coal futures, the Asian benchmark, consolidated above the USD350/ tonne mark and more than doubled in value since 2022, supported by continued robust demand against a tightening market backdrop. Along with increasing demand for power generation with a resumption in economic activity after the coronavirus-induced slump, soaring natural gas prices in Europe and Asia in late 2021 boosted coal consumption. Russia's invasion of Ukraine and the economic sanctions, including the EU's ban on coal imports from Russia, have thrown the global energy market into chaos.
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