Lower prices in Asia and in Europe
European gas prices dropped yesterday, both on the spot and the curve. Prices were pressured by new weather forecasts pointing to milder temperatures, significantly above…
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.
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