Conflicting narratives

ICE Brent prices retreated at 71 $/b. North Sea markets continued to trade sideways compared to futures, as 3 cargoes of crude were still held in floating storage without any buyers. This tallied with a revision in Kpler inventories estimates, pointing to large crude builds over the last days. US imports are forecasted to jump by 1 mb/d w/w, to limit the crude stock draws. 

 
Conflicting narratives
Share this news :

You might also read :

ES-economy
April 15, 2022

Unchanged monetary policy in Europe

No significant development to extract from the ECB meeting held yesterday as its bond buying program is expected to end on the third quarter while…
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]