OPEC week

ICE Brent prompt contract remained elevated, at 76.3 $/b at the prompt, as we approached expiry for the August contract. On the refined product side, diesel inventory builds in Europe maintained the ICE gasoil crack below 6 $/b, as continued export from the Middle East and Asia slowed the normalization of European product markets. Physical differentials in the Med and West Africa continued to trade higher, boosted by rising prices in the North Sea. With refined products prices at sustained low levels, refiners’ profitability in Europe and Asia continues to be at multi-year lows. 

ICE Brent
Share this news :

You might also read :

ES-gas
November 26, 2021

Slight price drop

Amid unchanged fundamentals, European gas prices weakened slightly overall yesterday. The (moderate) drop in Asia JKM prices (-1.91%, to €107.482/MWh, on the spot) helped accompany…
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]