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-oil
December 10, 2021

CPI day

ICE Brent futures remained supported, above 74 $/b at the prompt, but could experience high volatility today during US market hours, as the BLS releases US…
ES-oil
March 24, 2022

Brent crude oil price exceeds $120/b

The price of Brent crude oil rose by almost $7/b yesterday. It even almost touched $124/b overnight before falling back towards $120/b. The market is extremely…
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]