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-oil
April 29, 2021

US crude production remains below 11 mb/d

ICE Brent crude oil gained a dollar, to 67.7 $/b at the prompt, supported by a relatively constructive EIA weekly report but also strengthening cracks…
ES-gas
February 19, 2021

Prices rebounded in most European markets

Prices rebounded yesterday in most European gas markets as participants began to be more sensitive to supply issues. The combined effect of reduced US LNG…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

🏆 You like our solution ?

Vote for us at the 2024 Energy Risk Commodity Rankings, in the Research category!

Thanks in advance.

Don’t have an account yet? 

[booked-calendar]