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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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Saturday, 11 June 22
AIMTEK INTERNATIONAL CONFERENCE AND AWARDS
Press Release: The prestigious AIMTEK International Conference and Awards concluded successfully on June 7th, 2022 at Radisson Blu, Yas Island Abu ...
Thursday, 26 May 22
MARKET INSIGHT - INTERMODAL
The newbuilding market activity has been significantly positive from a dry bulk owner perspective during the first half of 2022. Indeed, the contra ...
Wednesday, 18 May 22
INDONESIAN COAL PRICE REFERENCE DROPPED 4.42% IN MAY
COALspot.com: Indonesian Coal Price Reference for May delivery drops 4.42 per cent month on month.
The Indonesian Coal Price Referen ...
Thursday, 12 May 22
MARKET INSIGHT - INTERMODAL
Almost through half of the year, the overall shipping market continues to show signs of healthiness, after plenty of festivities and holidays that ...
Wednesday, 27 April 22
EUROPEAN UNION'S LNG IMPORTS - BANCHERO COSTA
In 2021, the European Union (27) was the third largest seaborne importer of LNG in the world, with a 15.8% share.
It followed Mainla ...
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- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
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