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 :

Markets are already looking ahead to the post-Omicron era

Busy week ahead

Prices torn between comfortable spot fundamentals and concerns on Russian supply

Simplifying energy markets