DUCs at rock bottom
Japanese refining scaled back in the first weeks of January to 2.86 mb/d while we expected runs to remain at 2.95 mb/d. Crude inventories rose by 3…
ICE Brent prompt contract jumped to 66.7 $/b, returning close to 5% on a daily basis, on Thursday as US petroleum markets were getting increasingly tighter, as reported by the EIA.
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