Goldman Sees Indian Coal Worsening Glut in World Awash in Fuel

  • Lowers price forecasts for thermal coal, liquefied natural gas
  • Decline in coal demand may be irreversible, analysts write

A worker is reflected in a puddle as he walks towards a truck at an open cast coal mine in Jharkhand, India.

Photographer: Sanjit Das/Bloomberg

Slumping global coal and liquefied natural gas prices will be under further pressure as rising Indian coal production exacerbates a glut of power-generation fuel, according to Goldman Sachs Group Inc.

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