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 :

Lost hydrocarbon in the US reaches 1.1 mb/d

Prices rebound in Europe, Asian LNG prices steady above long-term oil-indexed levels

The decline in oil prices has come to a halt

Simplifying energy markets