Rice

Crude Oil

Oil Production Cuts to End in Norway on December 31st

Throughout this year, Norway imposed oil production cuts to push up oil prices, as was reported by the Petroleum and Energy Ministry of the country.

Crude Oil

Oil Hits $50 On Vaccine Rollout

Brent Crude hit $50 a barrel on Thursday morning for the first time since oil prices crashed in early March, as hopes of swifter-than-thought vaccine rollout fu…

Crude Oil

US Energy Agency Revises up Oil Price Forecast

Brent price expected to increase by 2.1%, according to Energy Info. Administration's Short-Term Energy Outlook for December

Thermal Coal

Australian Coal Thrives Despite China Ban

Australian thermal coal prices have risen sharply in recent weeks despite an import ban from one of its traditional markets, China.

Coal Trade

China Issues Coal Buying Mandate Amid Supply Shortage, Price Gains

The country has an informal coal import quota, as authorities instructed traders and downstream users to maintain total 2020 imports around the 2019 level.

OPEC

Next OPEC+ Ministerial Meeting Reportedly Set For January 4

Oil prices are set for a volatile start to the new year, as the next OPEC+ group meeting on production policy is expected to be set for the first trading day, J…

Crude Oil

Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021

The news of a successful coronavirus has ignited the oil market again with crude price moving up mire than 20 per cent in a month to hover close to $50 a barrel…

Crude Oil

Fitch Sees Brent At $45 Next Year

Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly fro…

LNG

Asian LNG Prices Rise to Nearly Two-Year High on Winter Demand

Asian spot prices for liquefied natural gas rose to a nearly two-year high this week as demand continued to be firm for heating during winter and as buyers face…

Natural Gas

Argentina Draws 16 Bids for Subsidized Gas Supply

Argentina received bids from 16 companies in a path-breaking auction to supply more than 70mn m3/d of natural gas at subsidized wellhead prices for power genera…

Oil Price

OPEC+ Working on Compromise for 2021 Oil Policy

The OPEC, Russia and their allies, a group known as OPEC+, had been widely expected to extend existing oil cuts of 7.7 million barrels per day (bpd).

Oil & Gas Trade

Brent Edges Higher as Opec+ Agrees More Moderate Production Increase

Oil prices crept up this evening after the Opec cartel and its allies agreed to a more gradual easing of production cuts next month.

Oil Price

OPEC Warns of ‘Immense Challenges’ as Talks on Oil Production Cuts Continue

OPEC warned on Monday that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers continues …

Oil Price

Oil Prices Set for Weekly Gain Ahead of OPEC+ Meeting

Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting early next week.

Coal Price

Premium Price Canadian Coal Takes Off

Premium Price Canadian Coal Takes Off