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-oil
July 16, 2021

European refiners back in the money?

With another decline in crude oil prices, especially at the prompt, and product prices remaining supported, European refiners are back closer to their average profitability levels.…
ES-gas
November 19, 2021

Prices were mixed again yesterday

European gas prices were mixed again yesterday: slightly down on the spot, slightly up on the curve. Amid ongoing concerns on relatively low Russian supply,…
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]