Inventories spring cleaning

  • Oil

ICE Brent prompt contract traded above 73 $/b, as demand continued to outpace supply, according to Kpler inventories measurements. Regional price differentials are already starting to reflect these inventory dynamics. Indian demand in May dropped by 0.6 mb/d due to the resurgence of the pandemic, according to government statistics. 

indian domestic refined product sales
Share this news :

You might also read :

ES-gas
July 26, 2021

Mixed European prices

European gas prices were mixed on Friday, torn between (slightly) more comfortable spot fundamentals and ongoing strong Asia JKM and parity prices with coal for…
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…
ES-oil
February 3, 2021

US and Japanese crude stockpiles dwindles

Brent prompt futures continued to rally to 54.7 $/b on early Thursday as Saudi Arabia guaranteed that their voluntary supply cut would last two months…
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

🏆 You like our solution ?

Vote for us at the 2025 Energy Risk Commodity Rankings, in the Research category!

Thanks in advance.

VOTE HERE
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]