Lost hydrocarbon in the US reaches 1.1 mb/d
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…
Crude oil prices remained stable on Thursday, at 63 $/b for the prompt ICE Brent contract. Looking at refined products, prompt ICE gasoil crack is now above 5 $/b and slow recovery from last month’s slump. Low physical spot prices globally triggered Indian buyers to bid on West African cargoes. Biodiesel prices in the US are likely to remain sustained as supply remains low due to rising prices in alternative agricultural markets.
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