Iranian summer wave

Oil
May 21, 2021

CE Brent prompt contract continued to experience downside pressure at 65.2 $/b on early Friday, as prompt time spreads weakened to a single digit. Time spreads below 10 cents reflect the weak fundamentals and the expectations of a ramp-up in Iranian exports which could limit the current crude deficit.

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Iranian summer wave

You might also read :

Markets resolve to consider much less favourable scenarios

No agreement in Europe on stopping Russian oil imports immediately

The start of disinflation gives markets wings

Simplifying energy markets