Light vs heavy

ICE Brent prompt contract hiked to 65.7 $/b, likely due to the sustained backwardation at the prompt. Physical differentials in West Africa continued to weaken, as the Nigerian state oil company lowered its official selling prices for its flagship crudes, as rising Brent-Dubai swaps forced producers to adjust their competitiveness to flow crude to the East. Singapore products drew on the light end side, supporting gasoline cracks in Asia. Rising fuel oil stocks in Asia and the Middle-east will deteriorate prompt fuel oil values globally. 

 
 
 
 
 
light-vs-heavy
Share this news :

You might also read :

ES-oil
January 26, 2021

Russian oil for the Russian people?

Brent futures prices remained range-bound on Monday at about 55.5 $/b as the dollar strengthened, weakening buying interest. At the same time, Russian exports were…
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]