Large unexpected drops in US stocks reported

Oil
May 5, 2021

ICE Brent prompt prices jumped to 69.5 $/b, as the API survey showed a total decline of 16 mb. Due to large stock draws in gasoline and diesel stocks, combined with record-high prices for biofuel blending components, the US product cracks continued to rise, with RBOB gasoline cracks close to the 25$/b mark.

Share this news :

You might also read :

January 15, 2021

European gas prices mixed, Japan power prices sharply down

European gas prices were mixed yesterday as the rally on Asian markets came to an end but with prices stabilizing at high levels. Indeed, JKM…

February 5, 2021

No rebound in the euro as long as slow vaccination campaigns cloud recovery prospects

The EUR/USD has fallen below 1.20. The USD is strong, but the euro is weakening vs other currencies as well, the main reason being the…

October 27, 2021

Mixed price evolution

European gas prices were mixed yesterday, torn between conflicting fundamentals. On the pipeline supply side, Norwegian flows weakened again, to 311 mm cm/day on average,…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Large unexpected drops in US stocks reported

You might also read :

European gas prices mixed, Japan power prices sharply down

No rebound in the euro as long as slow vaccination campaigns cloud recovery prospects

Mixed price evolution

Simplifying energy markets