European prices down again
European gas prices extended (moderately) losses on Friday as the rise in temperatures continued to exert downward pressure.The drop in Asia JKM prices and in…
Brent futures contracts dipped on Wednesday and early Thursday, with the prompt month contract at 55.4 $/b, as all risky assets tanked amid broader market concerns about the macroeconomic backdrop. Furthermore, the EIA reported a large crude inventory draw of 9.9 mb, but mostly due to volatile net imports. The Norwegian field Johan Svredrup is expected to reach its daily capacity by mid-2021, at 535 kb/d.
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