Towards a Fed rate hike in March
The trends that have been at work for several days were first accentuated yesterday on the markets: the US 10-year yield exceeded 1.8% and the…
ICE Brent prompt prices hiked to 70.3 $/b at the prompt, ahead of the OPEC meeting, as OPEC compliance in April remained good, at 122%, according to production surveys realized by third parties. Saudi Arabia and Iraq showed the biggest increases, while Iran and Nigeria experienced setbacks on their production facilities. Russian crude and condensate production remained constant in May, at 10.45 mb/d. In Asia, lockdowns are intensifying, hinting at lower demand in Asia for the weeks to come.
Get more analysis and data with our Premium subscription
Ask for a free trial here