European prices down on ongoing strong LNG supply and rebound in Norwegian flows
European gas prices weakened yesterday, pressured by the additional drop in Asia JKM prices (-4.54% on the spot, to €64.323/MWh; -7.96% for the March 2022…
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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