Chinese runs surprise to the upside

  • Oil

ICE Brent prompt contract was trading at 69.7 $/b on Monday as most Texan refineries were restarted over the weekend. Furthermore, Chinese crude processing in January and February remained strong, at 14.13 mb/d, slightly above our forecasts as fuel consumption during the Lunar New Year break remained strong. 

INE-chinese-crude-oil-inventories
Share this news :

You might also read :

ES-economy
May 10, 2022

The decline in equity markets continues

The equity markets fell sharply again yesterday, particularly US technology stocks (Nasdaq), which dropped another 4.3%. They are down 10% since the Fed’s decision to…
ES-power
January 21, 2022

EUAs posted 4.2% gain on strong auction result

The power spot prices rebounded yesterday in Germany, Belgium and the Netherlands amid forecasts of easing renewable generation, but slightly fade din France on expectations…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]