Cyclone premium

ICE Brent prompt contract recovered to 67.1 $/b on early Monday, as a potential cyclone formation in the Gulf coast could have an impact on oil infrastructure. Yet, prompt time spreads remain below 10 cents, not indicating that current fundamentals are tight. The Iranian nuclear deal revival’s timeline was also challenged by European diplomats, as the 3-month monitoring deal between the UN and Iran expired this weekend, limiting access to footage of the Iranian nuclear sites.

Share this news :

You might also read :

June 7, 2021

EUAs temporarily dropped below 50€/t

The forecasts of a wind shortage supported the European power spot prices for today which rose above the clean gas and coal costs despite the…
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?