Oil prices soared on Monday as optimism around demand grew, but rumors that OPEC+ is considering boosting its oil production in August sent prices lower on Tuesday morning Chart of the Week - Coal stockpiles declined by 16 million tons in February 2021, the largest inventory decline since July 2011.
- Typically, coal stocks decline in the summer months, when coal demand surges. - Rising natural gas prices in late 2020 and early 2021 have also increased coal demand, with coal generation up 16%…Oil Prices Fall As OPEC+ Looks To Boost Production
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