On November 2nd, from October 1st to 27th, China Coal Group fully organized coal production and completed 16.27 million tons of commercial coal output, with an average daily output of 602,500 tons, the highest in the same period in history. It is estimated that 18.02 million tons of commercial coal will be produced in October, a year-on-year increase of 10.8%. In the fourth quarter, in addition to ensuring the fulfillment of the long-term association of enterprises, China Coal also added 16.2 million tons of supply guarantee tasks, corresponding to coal supply guarantees in key areas such as the three northeastern provinces and Beijing-Tianjin-Hebei.

The Bank of America said on Monday that it expects Brent crude oil prices to reach 0 per barrel by the end of June 2022. Bank of America analyst Francisco Blanch wrote in a report that the global energy crisis has led to soaring prices of natural gas and coal, which has promoted the rise of benchmark crude oil futures traded in London and New York. Some oil traders said that due to demand exceeding supply and a slowdown in investment in new resources caused by climate factors, oil reserves may shrink, and crude oil prices are rapidly approaching 0. Bank of America analysts wrote that a surge in gasoline demand, a rebound in middle distillate prices, and restrictions on refining capacity may lead to an accelerated rise in oil prices in 2022.