Prices down by the close
After a strong start, European gas prices weakened by the close yesterday as the 30 mm cm/day of day-ahead transport capacity at Mallnow booked by…
ICE Brent prompt prices traded at 69.1 $/b on early Monday, after a strong expiry for ICE Brent contracts. Crude stocks globally are dipping at an accelerated rate, in line with seasonal patterns and the start of the driving season. On the refined product side, the divide between tight US markets and rising European stocks are pointing towards divergent trends, while Asian supplies continued to swell, as refining maintenance work eases.
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