20 October 2021 - 07:54Oil prices fell after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity as Beijing moved to ease a power shortage.
“Ultimately, China’s coal output needs to increase to remedy its energy woes,” Commonwealth Bank commodities analyst Vivek Dhar said in a note. The China Electricity Council said late on Tuesday China’s National Development and Reform Commission discussed government intervention in coal prices at a meeting of key coal producers.
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