Quarterly research on Asia’s evolving energy trade
Our research programme publishes specialised whitepapers on emerging trade flows, for clients and subscribers.
What we are watching
Short, dated stories from public agency updates and news reports, written by Megawise. Forecasts are labelled; these are not live price quotes. Our sources and method →
COAL · ASIA THERMALAsian thermal coal trade stalls on bid-offer gap
Weaker buying interest and firm miner offers left volumes thin, while Indian utility stocks stood at 20.25 million t on Oct. 27.
OIL · BRENT & CARBONBrent climbs 1.5% to $115.90/bbl; carbon up to €89/t
December Brent gained 1.5% to $115.90/bbl, while CO2 emissions allowances rose 70 cents to €89/t.
COAL · TURKEY IMPORTSTurkey's coal imports fall 10.9% in August as coking coal jumps
Thermal arrivals fell 20.4% to 2.48 Mt, while coking coal rose 81.5% to 637,772 t. Russia stayed the top supplier.
COAL · AUSTRALIA MET COALAustralian met coal exports hit five-year Q3 high
Shipments of 40.2 million tonnes in the September quarter were the highest for the period since 2021, but producers cite rising diesel costs.
COAL · THAILAND IMPORTSThailand's September coal imports fall 30.6% as nine-month total rises
Imports of 940,086 t in September contrast with 15.29 Mt for January-September, up 9.7%, as power-sector coal use fell sharply.
COAL · COKE TRADEWorld coke trade edges up in Q3 as supply risk shifts to Indonesia
Resource-Net estimates Q3 coke trade at 7.8 Mt as China exports fell 19%; Sulawesi drought could curb Indonesian shipments.
COAL · KYRGYZSTANKyrgyz coal exports rise as imports fall and winter price caps start
Exports reached about 1.36 mln t in Jan-Aug, imports fell 53.8%, and 90-day household price regulation began on 22 October.
COAL · ASIA-PACIFICAsia coal prices correct as China demand slips
High-CV coal is correcting and mid/low-CV is softening as Chinese demand falls for a third month. Outlook for coal and TTF turns neutral-negative.
COAL · TAIWAN POWERTaiwan’s power output fell at a record pace in September
Coal-fired generation dropped 34% year on year; the island’s coal-import forecast has been cut.
COAL · COLOMBIA EXPORTSColombian coal exports hit their highest level since March 2024
Shipments rose to 4.8 million tonnes in September, with Europe and Türkiye buying much more.
COAL · CHINA IMPORTSImported coal remains cheaper than Chinese domestic coal
Russian, Indonesian and Australian coal are all priced below domestic supply, while power plants burn 8% more than a year ago.
COAL · ATLANTIC MARKETMorocco buys coal at $160 a tonne as Atlantic coal parts ways with gas
ONEE awarded two spot tenders at just over $160/t; TAQA Morocco fixed its 2027 supply at about $147/t.
Source dates appear on every card. Agency updates provide context; publisher price assessments appear only with the publisher’s permission and are attributed.
Three forecasts, three measures
Each row names its unit and publication date. These figures describe different fuels and should not be ranked by size.
| Market | IEA forecast | Meaning | Released | Source |
|---|---|---|---|---|
| Coal | +1.2% | Global demand change vs 2025 | 10 Sep 2026 | IEA Coal Mid-Year Update |
| Natural gas | −0.5% | Global demand change vs 2025 | 7 Jul 2026 | IEA Gas Market Report, Q3 |
| Oil | −2.6 mb/d | Change in average daily demand vs 2025 | 14 Oct 2026 | IEA Oil Market Report |
Forecasts may be revised. The oil figure is in million barrels per day; the coal and gas figures are percentages. All three are global demand forecasts for 2026, not prices.
Planned themes
Central Asian coal transshipments
Emerging routes, logistics constraints and counterparties for coal moving between Central Asia and Asian demand centres.
Southeast Asian LNG bunkering hubs
Infrastructure, regulation and commercial models for LNG as a marine fuel across Southeast Asia.
Asian oil-product trade flows
Refinery demand, product balances and the shifting pattern of cargo movements.
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