Mobility takes a toll

Brent prompt futures remained at 54.7 $/b on early Thursday. Mobility across Europe and the US is reportedly lower in early January as most countries are ramping-up healthcare measures to contain the pandemic. Asian available refining capacity dropped by about 370 kb/d for the latter part of January as incidents and planned maintenance capped Japanese and Indian refining capacity. Finally, physical crude buying remains unequal as West African crude trading remained limited this week following Saudi Arabia’s decision to cut production. At the same time, high trading activities in the North Sea point to cautious western refiners eager to secure supplies ahead of time.

UK daily fuel sales
UK Govt
Share this news :

You might also read :

July 22, 2021

Broad rebound in risky assets

Concerns about the spread of the Delta variant seem to have significantly diminished suddenly: bond yields rebounded, the US 10y nearing 1.3%. Stock markets were…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet?