Coal

EIA: March coal exports set U.S. record

The U.S. exported set a new record for coal exports by exporting 13.6 million short tons of coal in March, nearly 0.9 million short tons more than the previous export record in June 2012, according to the U.S. Energy Information Administration.

The EIA is predicting a third straight year of more than 100 million short tons in 2013, according to the EIA. The U.S. exported an annual record of 125.7 million short tons of coal in 2012 and 107.3 million short tons in 2011.

One of the driving forces for the record level of coal exports in the U.S. was increased Asian demand for coal, the EIA stated. The top five destinations of exported coal during March were China, Netherlands (a large transshipment point), United Kingdom, South Korea and Brazil.

Read more business news