Sour markets diverge
Brent prompt contract traded higher on Tuesday morning, as European physical crude prices, especially Russian Urals, edged higher compared to Brent, at a 70 cents…
European gas prices extended gains yesterday, still supported by the drop in temperatures. On the pipeline supply side, Norwegian flows were stable yesterday, at 329 mm cm/day on average. Russian flows were slightly lower, averaging 318 mm cm/day, compared to 320 mm cm/day on Wednesday.
The rise in oil and Asia JKM prices provided additional upward pressure, particularly for curve prices.
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