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 :

July 16, 2021

European power curves inch lower, spot prices remain strong

Spot power prices were mixed in NW Europe on Thursday with strong gains in France and significant losses in Germany. German wind power generation was…

March 10, 2022

Back to “normal” levels?

European gas prices dropped significantly yesterday. There does not seem to be a single specific reason to explain this drop but a set of factors:…

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…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter