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Wednesday, 09 February 22
OIL PRICES: "IT'S GOING TO BE VERY EASY" TO GET TO $100/BARREL, ANALYST SAYS - YAHOO FINANCE
Energy and oil prices have been on fire over the last six months — and expect them to go higher, says one analyst.
“For multiple reasons, there’s still room to go higher in the coming weeks,” Troy Vincent, DTN senior market analyst, told Yahoo Finance Live.
Some strategists have been forecasting $100 barrel for oil. “I wouldn’t say it’s inevitable, but it’s going be very easy to get there,” said Vincent.
Over the last six months, crude is up more than 30%. On Monday, prices took a breather after hitting 7-year highs on Friday for both U.S West Texas Intermediate (CL=F) and Brent (BZ=F) crude.
OPEC supply and geopolitics
“We’re in a precarious situation,” said Vincent. “Especially as it pertains to OPEC’s spare capacity to be much smaller by the time we get to summer than what we’ve seen in many years.”
OPEC+ agreed to continue with its output hike of 400,000 barrels per day in March, but some producers haven’t been able to keep up with their side of supply.
“There are a number of players within OPEC that just haven’t been able to deliver. Angola, Nigeria are kind of key to that development and underproduction,” said Vincent. “As we move particularly into the spring and summer, those members that are under-producing are going to go under even further scrutiny. It’s gonna be even more important to the global market, whether or not they can bring that supply back.”
The tensions playing out between Russia and Ukraine are also putting upward pressure on oil prices. “You could see a 10-15% run higher, if in fact, you did begin to see some type of hot war,” said Vincent.
“Any time you have spare capacity limited whether it’s a weather event, like hurricanes, or a geopolitical event — a hot war, terrorist events, etc. — there’s so much more potential for upside in price action in response,” he added.
Source: Yahoo Finance
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Australian Coal Association
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
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