OPEC discipline boost prices

Oil
February 2, 2021

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.

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OPEC discipline boost prices

You might also read :

Tropical storms may reduce US offshore production

Sharp price drop end December on mild weather and higher LNG supply

European prices down on lower-than-expected drop in Russian supply

Simplifying energy markets