European prices up as competition for LNG extends into Summer 2022
European gas prices increased strongly on Friday, supported by ongoing concerns on low Russian supply and weak gas stock levels. Asia JKM spot and month-ahead…
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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