What to expect for energy markets in 2023?
Special Podcast #18 Inflation, recession, supply risks, industrial energy demand, China’s economic recovery: what will be the key drivers of energy prices in 2023? Olivier…
Brent prompt future contract slipped back to 67.3 $/b as the lost US production was estimated to be at 1.1 mb/d for last week. The picture for petroleum products is looking increasingly bullish, as the US refinery runs dropped by 2.6 mb/d and could take a significant amount of time to resume. Japanese refinery utilization, dropped to 68% (-10% pts w/w) as refineries in the west part of the archipelago were recovering from the earthquake experienced last week. Yet, commercial stocks in Japan continued to dip by almost 4 mb.
Get more analysis and data with our Premium subscription
Ask for a free trial here