Iranian summer wave

CE Brent prompt contract continued to experience downside pressure at 65.2 $/b on early Friday, as prompt time spreads weakened to a single digit. Time spreads below 10 cents reflect the weak fundamentals and the expectations of a ramp-up in Iranian exports which could limit the current crude deficit.

iranian-summer-wave
Share this news :

You might also read :

ES-oil
September 2, 2021

OPEC+ does not deviate from its path

Yesterday’s OPEC meeting was uneventful, as the group briefly met, to extend the current production policy of a 400 kb/d group-wide production increase in October.…
ES-economy
February 23, 2022

First sanctions against Russia

The US, EU, UK and some of their allies have announced retaliatory measures against Russian interests after Vladimir Putin recognised the independence of the two breakaway republics…
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]