ENERGY – OPEC consolidates oil while India shakes petcoke, coal high
Prices at a glance Crude oil - bbl US$64.00 Coal API 4 - 1Q18 US$91.25 Coal API 4 - Cal2018 US$88.00 Petcoke USGC 4.5% 40HGI FOB US$82.00 USGC 4.5% 40HGI cf ARA US$100.50 USGC 6...
Oil
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Falling crude oil challenges uptrend, China cuts coal capacity
By Frank O Brannvoll, Cimeurope sarl, Belgium Last month the US$/EUR trading range was set at €1.04-1.08 and has held within €1.05-1.075 at €1.0720. Other than the US Federal Re...
Average oil price in 2017 to hover around US$61/bbl, gas at US$3.50/mBtu
Brent oil is expected to average US$61/bbl in 2017, peaking at US$70/bbl during the US driving season while WTI’s average is forecast at around US$59/bbl, according to the lates...
Natural gas price to rise but thermal coal to fall in 2017
Global oil production fell in 2Q16 as the decline in no-OPEC fields is no longer offset by OPEC growth but is expected to remain largely unchanged in 2017, particularly has ther...
BofAML forecasts 2H16 oil price recovery; downside risks prevail as OPEC meeting ends in acrimony
Brent crude oil prices are expected see a recovery in the second half of next year, leading to average price of US$50/bbl in 2016, according to Bank of America Merrill Lynch (Bo...
APSCO organises technical symposium for cement sector
Arabian Oil Supply Company (APSCO), manufacturer and marketer of Mobil oils in Saudi Arabia, recently held a seminar in the Egyptian city of Al-Ghardaqah on the importance of sy...
Emerging markets continue to play key role in global energy prices
With a sluggish US economy where the fiscal cliff remains a major concern in 1H13 and a recession-hit Eurozone burdened by unaffordable energy import costs, it is clear that mos...
BAML sees 4Q2012 crude prices strengthen
A tightening market for oil sees upward pressure on prices while gas is expected to remain range-bound. The thermal coal glut is expected to need some time to improve, leaving p...