Prices up on the spot and the curve
European gas prices increased yesterday, both on the spot and the curve. Temperatures were revised slightly colder early next week. On the pipeline supply side,…
ICE Brent prices retreated at 71 $/b. North Sea markets continued to trade sideways compared to futures, as 3 cargoes of crude were still held in floating storage without any buyers. This tallied with a revision in Kpler inventories estimates, pointing to large crude builds over the last days. US imports are forecasted to jump by 1 mb/d w/w, to limit the crude stock draws.
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