Prices sharply up as Russia launched strikes on Ukraine
European gas prices continued to increase yesterday, still supported by rising tensions in Ukraine. At the close, NBP ICE March 2022 prices increased by 22.340…
ICE Brent prompt contract declined to 65.3 $/b, on early Monday, as Indian demand continued to be the key downside risk, as mobility data continued to show larger oil demand destruction ahead. March’s European refining data was revised down, as refining throughput was recorded at 8.2 mb/d. European margins eased, as gasoline cracks were likely reduced due to an increasingly saturated US market.
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