Mixed price evolution
European gas prices were mixed yesterday. They received (moderate) support from lower pipeline supply. Indeed, Russian supply dropped to 210 mm cm/day on average yesterday,…
ICE Brent prompt contract remained relatively stable at 73.2 $/b, US product markets were under pressure as the Biden administration considered biofuel blending mandates waivers for US refiners. European cracks remained supported, with spot diesel cracks still above 7 $/b at the prompt.
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