ICE Brent crude oil remained at 68.9 $/b, as the API survey showed a continued drop in US crude stocks while refined product stocks dipped by a combined 7 mb, highlighting the strength of the US refined product market. European refining runs were recorded at 8.6 mb/d in April, only above last year’s slump by 2.5%.
ICE Brent futures contracts remained broadly stable, at 63 $/b, after regaining from Monday’s price slump. The talks to revive the Iranian nuclear deal were…
The markets are on tenterhooks, watching for the slightest signal that tensions with Russia are easing or that an invasion of Ukraine is imminent. Equity markets fell…
The easing power demand, rising wind production and decreasing gas prices continued to pressure the power spot prices yesterday which averaged 240.80€/MWh in Germany, France,…
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