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 :

Sluggish US retail sales to support equity rebound?

Diesel deficit growing in the Atlantic basin

The Chinese economy accelerated in Q4, but signs of weakness appeared in December

Simplifying energy markets