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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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Tuesday, 22 February 22 CHINA'S DAILY OUTPUT OF COAL REBOUNDS TO OVER 12 MLN TONNES - REUTERS
China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level ...
Thursday, 17 February 22 MAJOR INSTITUTIONS PROVIDED OVER $1.5 TRLN TO COAL SECTOR IN 2019-2021, SAYS NGO GROUP - REUTERS
Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even ...
Thursday, 17 February 22 APAC THERMAL COAL PRICES TO EASE ON END OF INDONESIA EXPORT BAN - FITCH RATINGS
Fitch Ratings-Shanghai/Singapore-14 February 2022: APAC thermal coal prices are likely to come under pressure in the near term due to seasonally we ...
Tuesday, 15 February 22 IS ANOTHER COAL SHORTAGE CRISIS LOOMING OVER INDIA? - BUSINESS STANDARD
In December last year, the Federation of Indian Mineral Industries (FIMI) shot off a letter to the Prime Minister claiming that the coal crisis was ...
Tuesday, 15 February 22 THERMAL COAL'S RECORD PRICE RUN MAY END UP ITS OWN WORST ENEMY - REUTERS
The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short-term boost to producers but increasing ...
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Indian Oil Corporation Limited
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India Bulls Power Limited - India
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Therma Luzon, Inc, Philippines
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Petron Corporation, Philippines
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Deloitte Consulting - India
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Larsen & Toubro Limited - India
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Tata Chemicals Ltd - India
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Marubeni Corporation - India
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Wilmar Investment Holdings
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Globalindo Alam Lestari - Indonesia
Dr Ramakrishna Prasad Power Pvt Ltd - India
International Coal Ventures Pvt Ltd - India
Leighton Contractors Pty Ltd - Australia
Eastern Coal Council - USA
Sical Logistics Limited - India
Savvy Resources Ltd - HongKong
OPG Power Generation Pvt Ltd - India
European Bulk Services B.V. - Netherlands
London Commodity Brokers - England
Jorong Barutama Greston.PT - Indonesia
Karaikal Port Pvt Ltd - India
Bulk Trading Sa - Switzerland
PowerSource Philippines DevCo
Economic Council, Georgia
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Trasteel International SA, Italy
Altura Mining Limited, Indonesia
Kohat Cement Company Ltd. - Pakistan
Semirara Mining Corp, Philippines
Rio Tinto Coal - Australia
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Minerals Council of Australia
Xindia Steels Limited - India
Asia Pacific Energy Resources Ventures Inc, Philippines
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Global Business Power Corporation, Philippines
Electricity Authority, New Zealand
Salva Resources Pvt Ltd - India
Global Green Power PLC Corporation, Philippines
Barasentosa Lestari - Indonesia
Binh Thuan Hamico - Vietnam
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Bhoruka Overseas - Indonesia
Banpu Public Company Limited - Thailand
Sinarmas Energy and Mining - Indonesia
Karbindo Abesyapradhi - Indoneisa
Orica Mining Services - Indonesia
Mjunction Services Limited - India
GVK Power & Infra Limited - India
Toyota Tsusho Corporation, Japan
Maheswari Brothers Coal Limited - India
Australian Commodity Traders Exchange
Offshore Bulk Terminal Pte Ltd, Singapore
Bharathi Cement Corporation - India
Gujarat Mineral Development Corp Ltd - India
Thiess Contractors Indonesia
Coal and Oil Company - UAE
Metalloyd Limited - United Kingdom
Iligan Light & Power Inc, Philippines
Central Electricity Authority - India
CIMB Investment Bank - Malaysia
Romanian Commodities Exchange
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Timah Investasi Mineral - Indoneisa
Eastern Energy - Thailand
Parry Sugars Refinery, India
Renaissance Capital - South Africa
Miang Besar Coal Terminal - Indonesia
Kalimantan Lumbung Energi - Indonesia
SMC Global Power, Philippines
Sarangani Energy Corporation, Philippines
Australian Coal Association
Aboitiz Power Corporation - Philippines
Mercuria Energy - Indonesia
Coastal Gujarat Power Limited - India
Heidelberg Cement - Germany
Mercator Lines Limited - India
Planning Commission, India
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Power Finance Corporation Ltd., India
Samtan Co., Ltd - South Korea
Carbofer General Trading SA - India
Energy Development Corp, Philippines
Orica Australia Pty. Ltd.
Indo Tambangraya Megah - Indonesia
Pendopo Energi Batubara - Indonesia
Oldendorff Carriers - Singapore
Agrawal Coal Company - India
PNOC Exploration Corporation - Philippines
Manunggal Multi Energi - Indonesia
Bayan Resources Tbk. - Indonesia
Kideco Jaya Agung - Indonesia
Intertek Mineral Services - Indonesia
Georgia Ports Authority, United States
Jindal Steel & Power Ltd - India
ASAPP Information Group - India
Gujarat Sidhee Cement - India
Independent Power Producers Association of India
Gujarat Electricity Regulatory Commission - India
Petrochimia International Co. Ltd.- Taiwan
Madhucon Powers Ltd - India
Chettinad Cement Corporation Ltd - India
Lanco Infratech Ltd - India
Siam City Cement PLC, Thailand
McConnell Dowell - Australia
Billiton Holdings Pty Ltd - Australia
Bangladesh Power Developement Board
Kepco SPC Power Corporation, Philippines
Simpson Spence & Young - Indonesia
Global Coal Blending Company Limited - Australia
Sojitz Corporation - Japan
Vedanta Resources Plc - India
Aditya Birla Group - India
Alfred C Toepfer International GmbH - Germany
Energy Link Ltd, New Zealand
The University of Queensland
Bhushan Steel Limited - India
Medco Energi Mining Internasional
Indian Energy Exchange, India
IEA Clean Coal Centre - UK
Edison Trading Spa - Italy
Price Waterhouse Coopers - Russia
GMR Energy Limited - India
Parliament of New Zealand
TeaM Sual Corporation - Philippines
Bhatia International Limited - India
SMG Consultants - Indonesia
Posco Energy - South Korea
Bank of Tokyo Mitsubishi UFJ Ltd
Formosa Plastics Group - Taiwan
Riau Bara Harum - Indonesia
Kaltim Prima Coal - Indonesia
New Zealand Coal & Carbon
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Kumho Petrochemical, South Korea
Ministry of Transport, Egypt
Pipit Mutiara Jaya. PT, Indonesia
Thai Mozambique Logistica
AsiaOL BioFuels Corp., Philippines
Malabar Cements Ltd - India
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Indogreen Group - Indonesia
Attock Cement Pakistan Limited
Antam Resourcindo - Indonesia
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Bukit Makmur.PT - Indonesia
Mintek Dendrill Indonesia
Chamber of Mines of South Africa
Port Waratah Coal Services - Australia
Grasim Industreis Ltd - India
Indika Energy - Indonesia
Ind-Barath Power Infra Limited - India
Directorate Of Revenue Intelligence - India
Africa Commodities Group - South Africa
Star Paper Mills Limited - India
Bukit Baiduri Energy - Indonesia
The State Trading Corporation of India Ltd
LBH Netherlands Bv - Netherlands
Baramulti Group, Indonesia
Directorate General of MIneral and Coal - Indonesia
Asmin Koalindo Tuhup - Indonesia
Essar Steel Hazira Ltd - India
