Can OPEC+ Keep Oil Prices Above $90? ...Middle East

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Can OPEC+ Keep Oil Prices Above $90?
Brent crude held above $90 per barrel at the beginning of the week after OPEC+ announced a tiny, symbolic output cut. Chart of the Week Demise of Gas Paves the Way for Reenergized Coal Sector - Coal prices across all continents have soared to all-time highs this week, almost triple of what it was a year ago, as uncertainty over gas flows in Europe and stagnant LNG volumes favor “king coal”. - Asia’s benchmark contract, the ICE Newcastle futures, jumped to $463.75 per metric ton on Monday, whilst spot physical coal loaded in Australia…

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