Power prices posted moderate gains on lower Russian gas supply
The European power spot prices remained stable and just below the clean gas costs yesterday as the expectations of lower demand were offset by forecasts…
Brent prompt month futures hiked higher, at 56.9 $/b on early Tuesday, as various third party agencies reported improved production compliance from OPEC members. Industry sources are also Diesel cracks in Europe and Asia remained supported despite the crude rally, with Singapore diesel 10ppm cracks reaching 6.4 $/b for the first time since December. Jet cracks also edged higher in Asia, at 4.5 $/b at the prompt.
Get more analysis and data with our Premium subscription
Ask for a free trial here