Large unexpected drops in US stocks reported

  • Oil

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.  

us-weekly-stock-change
Share this news :

You might also read :

ES-gas
June 2, 2021

European prices continued to rebound

European gas prices continued to rebound yesterday, still supported by concerns on tight spot fundamentals. Despite lower demand, pipeline supply remains relatively weak, which maintains…
ES-power
March 9, 2022

A long-due recovery of carbon prices

The European power spot prices slightly eased yesterday, weighed by the retreating gas market and forecasts of increased solar generation. The day-ahead prices averaged 449.58€/MWh…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]