Adverse weather in the Gulf Coast could limit the crude intake

ICE Brent prompt contracts declined by a dollar, as prompt month time spreads dropped by 15 cents. The rise in the Eurodollar exchange rate did not affect crude prices, as Gulf coast refineries were hit by adverse storms, with refineries in Port Arthur, TX and Baton Rouge experiencing unexpected outages. US petroleum inventories may have dipped, according to the API survey. Finally, Japanese refining runs continued to dip last week, currently at 2.15 mb/d. 

efs vs sg HSFO cracks
Share this news :

You might also read :

ES-oil
January 31, 2022

Higher and higher

Brent crude oil hit $91.7/b on Friday. It is only slightly lower this morning. Russia continues to mass troops on the Ukrainian border as the…
ES-oil
April 7, 2021

Japanese refiners reduce throughputs

ICE Brent futures contracts remained broadly stable, at 63 $/b, after regaining from Monday’s price slump. The talks to revive the Iranian nuclear deal were…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]