Mixed price evolution
European gas prices were mixed yesterday as the drop in Russian supply came to remind that the fundamental situation remains fragile. Indeed, Russian flows dropped…
Brent prompt futures continued to hike, at 57$/b on early Wednesday as the API data showed a bigger than expected crude inventory draw in the US. Both gasoline and distillate stocks grew amid falling US demand and growing refining supply. In its latest Short-Term Energy Outlook, the EIA still predicts brent price to average 53$/b in 2021 and 2022 amid ample supplies and worsening global liquid demand.
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