OPEC discipline boost prices

Oil
February 2, 2021

Brent prompt month futures hiked higher, at 56.9 $/b on early Tuesday, as various third party agencies reported improved production compliance from OPEC members. Industry sources are also Diesel cracks in Europe and Asia remained supported despite the crude rally, with Singapore diesel 10ppm cracks reaching 6.4 $/b for the first time since December. Jet cracks also edged higher in Asia, at 4.5 $/b at the prompt.

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OPEC discipline boost prices

You might also read :

Fear of the delta variant prevails

Macro & Oil Report: Central bank rate cuts: hope revives, but caution remains

The EU made a (non-binding) proposal for a full embargo on Russian energy imports, including gas

Simplifying energy markets