Sour markets diverge

Brent prompt contract traded higher on Tuesday morning, as European physical crude prices, especially Russian Urals, edged higher compared to Brent, at a 70 cents discount, as sour crude supplies for European customers are becoming increasingly scarce. However, sour crude markets continued to weaken in Asia, as ESPO cargoes were reportedly sold at a single-digit premium to the Dubai benchmark. The Keystone XL pipeline from Canada to the US is reportedly at risk, under a Biden administration. 

sour-crude
Share this news :

You might also read :

ES-economy
May 10, 2022

The decline in equity markets continues

The equity markets fell sharply again yesterday, particularly US technology stocks (Nasdaq), which dropped another 4.3%. They are down 10% since the Fed’s decision to…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet? 

[booked-calendar]