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.
Brent 1st-nearby is approaching $112/b this morning. Concerns about Russian oil flows have been compounded by a new episode of tension in the Middle East, with…
Except in France where prices edged down on expectations of milder temperatures, the power spot prices posted slight gains in north western Europe yesterday, buoyed…
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