EUAs climbed back above 34€/t in a last minute rebound
The European power spot prices for today climbed back above the clean gas and coal costs, pushed up by forecasts of weak wind production and…
Brent prompt future contract slipped back to 65.3 $/b amid a significantly more bearish API release than expected. US crude stocks grew by close to 1 mb, as refining runs collapsed by 2 mb/d. Only distillate stocks drew at a rapid pace. US crude oil output is restarting at a faster pace than refining, as most producers and pipeline operators in the Permian are back to normal conditions. Russian crude and condensate output reached 10.09 mb/d in February so far, down from about 10.2 mb/d in January.
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