Chinese runs in March remained strong

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. 

 
asian-export-from-russia
Share this news :

You might also read :

ES-gas
April 26, 2022

Prices maintain their downtrend

Prices were down again yesterday in most European gas markets, pressured by the increase in pipeline supply. Indeed, Norwegian flows rebounded, averaging 305 mm cm/day,…
ES-economy
December 23, 2021

Omicron less scary

The week started badly, but optimism seems to be prevailing again. The Omicron variant is still spreading at an extremely high rate (over 100k per day in…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]