Petcoke continues rally with discounts into neutral zone
by Frank O. Brannvoll, Brannvoll ApS, Denmark Coal rallied from US$100, driven by the energy complex as oil broke through the US$80 barrier following new cuts by OPEC+ in July 2...
Oil
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Petcoke on the rise, driven by higher coal prices and high discounts – new OPEC cuts support oil
By Frank O. Brannvoll, Brannvoll ApS, Denmark The holiday mood has dampened the volatility in most markets and the dominant factor is the fear of low demand due to slower growth...
Petcoke seen as cheapest fuel as up first time in 17 weeks
by Frank O. Brannvoll, Brannvoll ApS, Denmark Oil is stabilising following an intervention from Saudi Arabia with cuts as negative sentiment persists. Coal has settled above US$...
OPEC+ actions lift oil and the energy complex – coal and petcoke fall to 2020 levels on lower demand
By Frank O. Brannvoll, Brannvoll ApS, Denmark The markets are still caught in the fear that higher interest rates to fight inflation could start a recession and see demand fall....
Petcoke and coal prices fall while oil is stabilising
Oil prices are stabilising after a new drop despite OPEC+ production cuts. At its next meeting, scheduled for 4 June 2023, OPEC+ may consider new interventions if oil stays belo...
New slide in oil pushing coal lower and petcoke below US$100 due to demand fears after new rate hikes
By Frank O. Brannvoll, Brannvoll ApS, Denmark IMF downgraded global growth to 2.8 per cent and warned of a “rocky recovery” due to inflation and falling demand. The US Federal R...
Coal price find supports while petcoke sees sharp fall
By Frank O. Brannvoll, Brannvoll ApS, Denmark Oil prices support the full energy complex and OPEC+ announced new production cuts totalling 1.6mb/d. Oil prices have risen from US...
OPEC + surprise cut sends oil sharply higher, coal stable petcoke sliding sending discount back to neutral zone
By Frank O. Brannvoll, Brannvoll ApS, Denmark The story of inflation and central bank rate hikes continues. Inflation figures from the US were at five per cent in March, awaitin...
Very low petcoke discounts may lead to switch to coal
The price of a barrel of oil has returned to the lower end of the US$80-88 range. Gas prices were also down on the back of warm weather forecasts and the Turkey-Syria earthquake...
Oil in narrow range while coal continues lower – petcoke pressured lower as discounts fall sharply
By Frank O. Brannvoll, Brannvoll ApS, Denmark The markets are still dominated by hawkish statements from central banks due to the stubbornly high inflation both in the USA and E...