Stocks dynamics remains mysterious
Global crude stocks are the subject of interest for many market participants lately. Sattelite imagery providers are reporting steep draws since November, especially Kayrros. On the other…
European gas prices extended gains yesterday, still supported by the drop in temperatures. On the pipeline supply side, Norwegian flows were stable yesterday, at 329 mm cm/day on average. Russian flows were slightly lower, averaging 318 mm cm/day, compared to 320 mm cm/day on Wednesday.
The rise in oil and Asia JKM prices provided additional upward pressure, particularly for curve prices.
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