New Hope sees hit from coal price slump

New Hope sees hit from coal price slump

Miner New Hope Corp says a sudden drop in thermal coal prices and lower output from its Queensland operations will hurt its financial performance in the second half of the year. “As a result of reduced electricity demand across most global markets, thermal coal...
New Hope sees hit from coal price slump

Brent at highest price since March

Global benchmark Brent rose more than 1 per cent overnight to its highest price since March, supported by lower US crude inventories, OPEC-led supply cuts and recovering demand as governments ease coronavirus restrictions on people’s movements. Oil has slumped...
New Hope sees hit from coal price slump

Crude price falls on stockpile build

US crude prices settled lower, falling about 3.0 per cent as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production during the COVID-19 pandemic. However, markets were supported on hopes of demand...
New Hope sees hit from coal price slump

Copper firms as supply fears support price

Copper prices firmed as major miners warned that the coronavirus crisis would cut output and financial markets stabilised after two days of chaos caused by oil price falls. Benchmark copper was up 1.9 per cent at $US5,124.50 a tonne at 1620 GMT, after tumbling almost...
New Hope sees hit from coal price slump

Oil price into negative for first time

US crude oil futures collapsed below $US0 for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $US37.63 a barrel as desperate traders paid to get rid of oil. Brent crude, the international benchmark, also slumped,...