Prices slightly up as Norwegian flows dropped further
European gas prices increased slightly yesterday, supported by the additional drop in Norwegian supply (to 264 mm cm/day, compared to 310 mm cm/day on Monday,…
ICE Brent prompt month reached 67.1 $/b on early Thursday, as the dollar continued to weaken and new data on the Chinese refining sector showed sustained activity throughout March. Light sweet crude prices in Asia are getting a boost from the increasingly uncompetitive European and African crude, as the EFS swap continues to be above 3$/b, favouring sour crude buying in the Middle East.
Get more analysis and data with our Premium subscription
Ask for a free trial here