Oil coke prices on the global market have been volatile in recent months, with a range of factors driving price fluctuations.

Oil coke, a by-product of crude oil refining, is primarily composed of carbon and hydrogen and is a key source of fuel for many industries. However, the price of oil coke has been highly volatile in recent months, with a range of factors driving these changes.

One significant factor driving oil coke prices higher has been the global demand for fuel sources that emit lower levels of greenhouse gases. With petrol and diesel fuels facing increasing pressure to reduce carbon emissions, oil coke has become an attractive alternative due to its high carbon content. This demand has pushed up oil coke prices in some regions of the world.

However, the price of oil coke has also been affected by supply chain issues. Delays in shipments and transportation costs have led to supply chain disruptions, resulting in tighter supplies and higher prices. Additionally, a range of logistical issues such as port closures and bad weather have also played a role in disrupting oil coke supply chains, leading to even higher prices in some markets.

The price of oil coke has also been highly sensitive to changes in the price of crude oil. When the price of crude oil rises, the cost of producing oil coke increases, leading to higher prices for this fuel source. Conversely, when the price of crude oil falls, the cost of producing oil coke decreases, leading to lower prices for this fuel source.

Analysts are divided on the future direction of oil coke prices. Some believe that the increasing demand for cleaner fuel sources and the supply chain disruptions are likely to continue to push up oil coke prices in the near future. However, others argue that the high price of oil coke may lead to a surge in production and could ultimately lead to a supply glut on the market, driving prices downwards.

In conclusion, the price of oil coke has been highly volatile in recent months, with a range of factors driving these changes. The future direction of oil coke prices remains uncertain, with analysts divided on the likely outcome.