Overall retreat of the energy complex
The European power spot prices for today reached a level close to Friday’s as the retracing gas prices, weaker demand and higher wind output expected…
ICE Brent prompt prices rallied to 67.3 $/b, without significant fundamental change. The Dubai benchmark, pricing crude delivered to Asia, continued to weaken compared to European and US crude as the time structure of swaps rapidly worsened. Asian product cracks reacted differently to the Indian health crisis, as gasoil cracks remained supported and gasoline margins underperformed.
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