Brent prompt futures retreated to 60.7 $/b after the publication of the two monthly reports from OPEC and the IEA, showing a slower recovery than expected in January. The threat of strikes on Troll and Johan Sverdrup fields in Norway is pushing North sea crude differentials higher. Gasoline prices in Europe continued to drop, as inventories in the ARA region showed another 1.3 mb build.
The surging wind output and strengthening solar and hydro generation weighted further on the Euporean power spot prices yesterday, although the rather strong demand, especially…
European gas prices weakened again yesterday, still more sensitive to warmer weather and negative clean spark spreads on the spot and the month-ahead than to…
Crude prices steadied above 81 $/b for the March ICE Brent contract and front-month backwardation remained strong, above 60 cents, as Libyan output was expected…
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