Inventories spring cleaning

Oil
June 14, 2021

ICE Brent prompt contract traded above 73 $/b, as demand continued to outpace supply, according to Kpler inventories measurements. Regional price differentials are already starting to reflect these inventory dynamics. Indian demand in May dropped by 0.6 mb/d due to the resurgence of the pandemic, according to government statistics.

Share this news :

You might also read :

May 9, 2022

G7 countries to halt import of Russian oil

Oil benchmarks climbed on Friday : NYMEX WTI front month posted at 1.4% gain to end the week at $109.77/b and ICE Brent front month ended…

February 5, 2021

Inventories build but the rally in cracks continues

Brent prompt future contract approached 60 $/b on Tuesday, as Saudi OSPs unveiled the bullish Saudi outlook on prices while holding premiums to Asian customers…

November 18, 2021

Strongly up for most of the session, prices weakened at the close

European gas prices were mixed yesterday, rising sharply for most of the session before falling back at the close. Strong Asia JKM prices (+13.24%, to…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Inventories spring cleaning

You might also read :

G7 countries to halt import of Russian oil

Inventories build but the rally in cracks continues

Strongly up for most of the session, prices weakened at the close

Simplifying energy markets