Prices rebounded on cold weather and US sanctions against Nord Stream 2
European gas prices rebounded yesterday, supported by cold weather and the US State Department decision to impose sanctions on a Russia-linked company and its work…
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
Don’t have an account yet?