Russian spare capacity questioned

ICE Brent prompt contract declined to 74.5 $/b at the prompt, in a volatile start of the week. Russian output in June averaged 10.42 mb/d vs 10.45 mb/d in May, questioning the ability of Russia to effectively ramp up crude production. Despite the drop in crude prices, European diesel cracks felt even stronger, at 4.8 $/b at the prompt, as the Delta variant triggered new restrictions in European capitals such as Lisbon. 

ICE Brent
Share this news :

You might also read :

August 30, 2021

EUA prices at all-time high

NWE spot baseload power prices were up last Friday, to €107.720/MWh on average for today delivery (compared to €96.053/MW for Friday), supported by expectations of…
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?