Crude oil and Thermal coal

Their prices have moved together.

Crude oil (energy) and Thermal coal (energy): 1 relationship.

How they are linked

1. Price link: common driver

Cost and price · Strong · Both ways

Oil and coal share the global energy and industrial cycle, and diesel is a large mining and haulage cost for coal producers. The tie is moderate: monthly changes correlate at 0.33 and yearly changes at 0.70, a common driver rather than a direct input.

• 0.33 monthly change correlation
• 0.70 12-month change correlation
• 0.75 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.