Global gas prices correct downwards
European gas markets experienced another strong upward move on Monday as transport capacity auctions for the next gas year closed at noon with no capacity…
Brent prompt contract traded higher on Tuesday morning, as European physical crude prices, especially Russian Urals, edged higher compared to Brent, at a 70 cents discount, as sour crude supplies for European customers are becoming increasingly scarce. However, sour crude markets continued to weaken in Asia, as ESPO cargoes were reportedly sold at a single-digit premium to the Dubai benchmark. The Keystone XL pipeline from Canada to the US is reportedly at risk, under a Biden administration.
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