EnergyScan

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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
March 25, 2021

Sharp rebound in crude oil prices

Brent 1st-nearby prices posted a $4/b gain yesterday. WTI prices did about the same. They respectively ended the day above $64.5/b and $61.2/b, therefore erasing…
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?  Sign up here!

[booked-calendar]