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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Australian Coal Association
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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