Prices down on rebound in Norwegian flows
European spot gas prices dropped on Friday, mainly pressured by the increase in Norwegian supply. Indeed, following the (delayed) start-up of Troll, Norwegian flows rebounded…
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.
Get more analysis and data with our Premium subscription
Ask for a free trial here
We will get back in touch with you soon.
Don’t forget to follow us on twitter!