The Newcastle 5,500 kcal/kg NAR coal with 23% ash hit a fresh record high $295/mt FOB March 9, the highest since the grade was first assessed in August 2017,

Brent was up $1.68, or 1.3%, at $129.66 a barrel, WTI was up $1.60, or 1.3%, to $125.30.

Абсолютно очевидно, что отказ от российской нефти приведёт к катастрофическим последствиям для мирового рынка. Всплеск цен будет непредсказуемым – более 300 долларов за баррель, если не больше.

"It is absolutely obvious that refusing Russian oil would lead to catastrophic consequences for the global market. The price surge would be unpredictable – to more than $300 per barrel, if not more," said Russian Deputy Prime Minister Alexander Novak.

Despite the high discount on Russia's Ural oil premium and sanctions .It seems that the rise in oil prices will eventually lead to the growth of Russia's foreign exchange earnings in 2022 and the improvement of its foreign exchange reserves, which is contrary to the goals of Western sanctions and USA.

The Brent price will average $117/b in March, $116/b in 2Q22, and $102/b in the second half of 2022 (2H22). We expect the average price to fall to $89/b in 2023.

On March 1, the U.S. Department of Energy committed to releasing 30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.

Brent rose at $111.19, WTI rose $1.21, or 1.1%, to $108.88.

he initial release of 60 mbl accounts for 4% of those stockpiles (1.5 Gbl) and would represent 2 mbl/d for 30 days

The Northeast Asia thermal coal price assessment 5,750 NAR rose $28.23 on the session to $248.63/mt.