1078 days ago
Kinder Morgan sees abnormal net income figures on account of surging gas prices. Net income reached a record $1.41 billion more than doubling from the $550 million analyst estimates. Drillers such as Comstock Resources also reaped large profits.
1079 days ago
Day-to-day business costs have risen for The Coca-Cola Company, which will result in a price increase of its drinks. Higher commodity prices have created a growing cost pressure for Coca-Cola.
1079 days ago
Global coal demand is forecasted to rebound by 4.5% this year, surpassing the 2019 level and getting close to the 2014 peak. Coal's growth in 2021 is expected to be 60% bigger than all renewables combined.
1079 days ago
The so-called stumpage fee, or what lumber companies pay to land owners for trees, for Louisiana pine sawtimber on March 31 was $22.75 per short ton, according to the latest data from price provider TimberMart-South. That’s the lowest since 2011. In parallel, lumber futures are up 85% in 2021 because of soaring demand. Sawmills profit from the premium lumber commands over the stumpage fee.
1079 days ago
Moreover, OPEC and allies plan to ease deep supply cuts (cuts pushes supply leftward, increasing price) which could see price begin to lower. However, the current slump is more closely tied to a flare up in covid cases in India. We should expect an uneven recovery as vaccines get distributed unevenly.
