For heat coal (used in power and fertiliser production), its price on September 6 set a new record of $457 per tonne. According to CoalMint, a coal price reporting agency, the price is forecast to touch $300-330 per tonne. Globally, the price of coke (used in steel production) in Australia, after a decline for nearly two months and falling to a one-year bottom of $190 per tonne in the first week of August, reached $270 per tonne on September 6, a more than 40 per cent jump, nearly approaching its historic peak of $275 per tonne on February 28. Many oil-producing countries are … about Understanding global oil and gas sector management BOMBARDIER GLOBAL EXPRESS PRICE FREEMost developed countries have free markets. In the EU, only Belgium applies a price ceiling. According to GlobalPetrolPrices, among the price-fixing countries are oil-producing countries such as Angola, Algeria, Kuwait, Azerbaijan, Indonesia, Malaysia, Vietnam, and China. Volatility forces balancing act for Vietnam’s petrol market A survey by GlobalPetrolPrices about the petrol markets in 97 countries and territories showed that 23 of these applied a fixed-price model, 14 applied ceiling prices, and the remainder let the free market decide. Under normal operating conditions, there are no fluctuations in price and supply, and any limitations are less visible. The fluctuating global oil price shows the inadequacies in the management of Vietnam’s petroleum market. With the current mechanism, the efficiency of enterprises largely depends on the price control agency, and conflicts between management agencies and enterprises always occur. Central banks of major countries such as the United States and … about Balancing the effects of global oil price fluctuations Growth figures in the second quarter of 2022 show the risk of a global recession and slowdown in the US, Japanese, and Chinese economies. The gloomy global economic outlook pulls demand and prices down. Oil supplies are increasing, and the world’s major oil exporters have agreed to increase production to hold the rise in prices. Luong Van Khoi, vice president of the National Centre for Socio-economic Information and Forecast The global oil price depends mainly on supply from OPEC, Russia, and Iran, as well as the growth prospects of major economies, geopolitical fluctuations, and currency price movements. Prices have fallen more than 30 per cent from the most recent peak to about $87-93 per barrel but are high compared to previous years. Can you provide some forecasts for the next few months or beyond? The world oil price has been on a downward trend recently. The price of oil continues to concern many.
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