{"id":6675,"date":"2012-01-05T01:17:04","date_gmt":"2012-01-04T23:17:04","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-prices-move-up-with-oil-on-iran-tension\/"},"modified":"2012-01-05T01:17:04","modified_gmt":"2012-01-04T23:17:04","slug":"euro-coal-prices-move-up-with-oil-on-iran-tension","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-move-up-with-oil-on-iran-tension\/","title":{"rendered":"Euro Coal-Prices move up with oil on Iran tension"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Minimal demand seen in Europe, Asia<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* ARA stockpiles fall slightly<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Jan 4 (Reuters) &#8211; Physical prompt coal prices<br \/>\nmoved slightly higher on Wednesday, in line with gains in oil<br \/>\ndue to growing tension between Iran and the United States and<br \/>\nEuropean Union.<\/p>\n<p><span><\/span><\/p>\n<p>Coal would not be immune to a spike in oil prices if the<br \/>\nUnited States and EU decide to place an embargo on Iranian oil<br \/>\nimports and this escalates, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>The U.S. and EU on Wednesday agreed in principle to ban<br \/>\nIranian oil imports but have yet to decide when an embargo would<br \/>\ncome into effect.<\/p>\n<p><span><\/span><\/p>\n<p>Iran has threatened to close the Strait of Hormuz to oil<br \/>\nshipping in response to sanctions.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The impact of any closure (of Hormuz) would be that the<br \/>\nbottom of freight market will fall out and &#8230; oil prices<br \/>\n(would) probably reach new record highs,&#8221; said Sverre Svenning,<br \/>\nan analyst at shipbroker Fearnleys, based in Oslo.<\/p>\n<p><span><\/span><\/p>\n<p>Key buyers in China and India have remained on the<br \/>\nsidelines, while European demand has been minimal so far this<br \/>\nweek as players seek clearer market direction after the New Year<br \/>\nholidays.<\/p>\n<p><span><\/span><\/p>\n<p>The general sentiment is cautiously bearish. Growing supply<br \/>\nis expected to exceed demand enough to trim, rather than slash,<br \/>\nprices, traders and utilities said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Minimal demand seen in Europe, Asia * ARA stockpiles fall slightly LONDON Jan 4 (Reuters) &#8211; Physical prompt coal prices moved slightly higher on Wednesday, in line with gains in oil due to growing tension between Iran and the United States and European Union. Coal would not be immune to a spike in oil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6675","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6675"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}