Lost hydrocarbon in the US reaches 1.1 mb/d
Brent prompt future contract slipped back to 67.3 $/b as the lost US production was estimated to be at 1.1 mb/d for last week. The picture…
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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