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.

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Inventories spring cleaning

You might also read :

Prices strongly up on fears of disruption of Russian (pipeline and LNG) flows

Power prices extended losses tracking the waning gas market

Mr. Biden’s inauguration as president marks a return to normalcy

Simplifying energy markets