Inventories spring cleaning

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-oil
February 10, 2022

US oil stocks at their lowest since 2015

The weekly report from the US Department of Energy confirmed the current tightness in the oil market. US Crude oil inventories fell by 4.8mb last week and gasoline…
ES-oil
January 11, 2022

Venezuelan recovery

ICE Brent front-month continued to trade above 81 $/b, despite improving supply conditions in Kazakhstan and Lybia. Both countries are ramping up their crude production and should…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]