The already bleak French nuclear outlook worsen
The power spot prices were mixed in northwestern Europe yesterday, up in Germany and the Netherlands on forecasts of dropping wind and solar output, but…
ICE Brent prompt month contract recovered to 68.5 $/b on Friday amid a rapid recovery of the Eurodollar, and a global recovery in equity prices as US bond yields declined back to 1.6%, despite widespread inflation concerns. Indian demand for the first part of May was likely to be down by 30%, compared to May 2019. Chinese refining runs in April were at 14.09 mb/d, slightly below our expectations, as low Asian margins likely reduced the Chinese product exports.
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