Back in backwardation ?

  • Oil

Crude prices continued to be lifted by a declining US dollar, while the Libyan national oil company declared force majeure on its Hariga port due to budget disputes with the country’s central bank. Backwardation levels on the Brent curve are now at healthy levels to incentivize stock draws. 

 
 
Back-in-backwardation
Share this news :

You might also read :

ES-gas
October 11, 2021

Mixed evolution yesterday

Supported by higher demand, European spot gas prices increased yesterday, partially filling their discount against near curve prices. These latter were down overall, pressured by…
ES-economy
January 21, 2022

Concern is growing

Quite a sharp downward correction in bond yields (below 1.8% for the US 10-year), but this did not support the equity markets, quite the contrary:…
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]