All eyes on China

  • Oil

Brent prompt future prices retreated further at 55.7 $/b as growing concerns about the Chinese health situation raised concerns about Chinese oil demand prospects. President Biden unveiled the 1.9 trillion stimulus package designed to limit the economic effects of the pandemic. The US Dept of Energy is planning to release strategic petroleum reserve stocks in April of about 20 mb. Brent time spreads weakened further to reach 1cts, as prompt balances are anticipated to remain weak over February.

us-commercial-crude
Share this news :

You might also read :

ES-oil
March 31, 2022

US to tap into strategic reserves

In less than 2 hours yesterday, the price of Brent 1st-nearby first approached $115/b before plunging towards $104/b. It has since recovered to around $113/b.  Fears of…
ES-oil
April 21, 2021

Indian risk factor

Crude oil prices pulled back to 66.3 $/b as the exponential growth of the pandemic in India continued to lower demand expectations for the third-biggest…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

Twitter
EnergyScan - Newsletter subscription
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]