Inventories spring cleaning

  • Oil

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. 

indian domestic refined product sales
Share this news :

You might also read :

ES-economy
February 9, 2022

US 10-year yield closes in on 2%

The US 10-year Treasury yield rose above 1.96% yesterday before easing slightly. It has not crossed 2% since July 2019; perhaps tomorrow when the January US inflation…
ES-economy
October 18, 2021

China’s GDP slows down significantly

China’s GDP growth fell to +4.9% yoy in Q3, but more importantly, GDP grew by only 0.2% qoq compared to the 2%+ variations in the summers…
ES-power
February 18, 2022

EUAs collapsed on 2022 free allocation start

The European power spot prices sharply rebounded yesterday on expectations of much weaker nuclear availability, although the still very high renewable production dampened the bullish…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]