Prices dropped as transit through the Suez Canal resumed
European gas prices dropped yesterday, both on the spot and the curve, pressured by the resumption of shipping flows through the Suez Canal after the…
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.
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