Chinese runs surprise to the upside

Oil
March 15, 2021

ICE Brent prompt contract was trading at 69.7 $/b on Monday as most Texan refineries were restarted over the weekend. Furthermore, Chinese crude processing in January and February remained strong, at 14.13 mb/d, slightly above our forecasts as fuel consumption during the Lunar New Year break remained strong.

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Chinese runs surprise to the upside

You might also read :

European prices up on strong Asian prices and technical buying

Fragile rebound on financial markets. PMIs point to China’s economic slowdown

EUAs posted further gains on lingering gas market’s strength

Simplifying energy markets