EnergyScan

Crude collapse

The collapse in refining margins was a prelude to the significant downward correction experienced on Brent and WTI markets. Crude prices dipped by more than 3 $/b within a day, as worries about crude and product demand were finally reflected in crude prices. European COVID policies continue to under-deliver, with the delay of the vaccination campaign by a week led by concerns over AstraZeneca’s vaccine, postponing the long-awaited economic recovery. Brazil continues to be the epicentre of the pandemic. Despite a good rebound of fuel consumption in the country, restrictive measures could be considered as daily fatalities reached 2.6k. 

crude-timespreads
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-gas
March 29, 2021

European prices up on Friday

European gas prices were up on Friday, both on the spot and the curve, supported by lower pipeline supply and growing concerns about LNG supply.…
ES-economy
September 10, 2021

Unsurprising decision by the ECB

The ECB has done pretty much what was expected of it, judging by the small drop in bond yields and the stability of the euro that followed…
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?  Sign up here!

[booked-calendar]