Back in backwardation ?

Oil
April 20, 2021

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.

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Back in backwardation ?

You might also read :

Finally some movement on the carbon market

Prices took a breather, but the trend remains bullish

European prices down on ongoing strong LNG supply and rebound in Norwegian flows

Simplifying energy markets