US colonial pipeline to restart by the end of the week
Crude oil, US gasoline and diesel prices declined on early Tuesday as the pipeline operator announced that transport capacity should be restored by the end…
Brent prompt future contract came back to 63.5 $/b, after a weak session on Friday, as the forward crude balance resulting from the Texas energy crisis pointed towards lower US runs for an extended period of time. Indian refining runs topped 5.16 mb/d according to preliminary government data, as the nation’s demand fully recovered, except for jet demand. However, pump prices are at a record high due to tax hikes on refined products.
Get more analysis and data with our Premium subscription
Ask for a free trial here