Prices up on lower pipeline supply and resilient coal prices
European gas prices were up overall yesterday, supported by lower pipeline supply and resilient coal prices. Indeed, Russian supply dropped again yesterday, averaging 217 mm…
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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