Improving outlook for China

  • Oil

Brent futures prices edged higher at 56.3 $/b for the front-month contract, as the API survey reported a sizable draw in crude oil inventories. At the same time, Chinese official statistics on daily coronavirus cases trended lower, at 75. Japanese refinery utilization rates rose back to 80% this week, underlying the heating demand in the archipelago.

us-weekly-stock
Share this news :

You might also read :

ES-oil
February 10, 2022

US oil stocks at their lowest since 2015

The weekly report from the US Department of Energy confirmed the current tightness in the oil market. US Crude oil inventories fell by 4.8mb last week and gasoline…
February 20, 2023

Global fears of inflation back on the rise

Macro & Oil Podcast #25 The publication of much higher than expected US inflation numbers last week prompted the market to re-evaluate the efficiency of…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

Twitter
EnergyScan - Newsletter subscription
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]