Stocks diverge

ICE Brent prompt contract reached 64.43 $/b as US stocks showed draws in crude and distillate inventories, while gasoline built by 5 mb. Japanese crude oil stocks jumped by 6 mb last week, to reach 70 mb. The continuously weak runs and supportive crude oil imports are pushing Japanese inventories higher. The weakening of the dollar also helped dollar-denominated commodities.  

us-weekly-stock-change
Share this news :

You might also read :

ES-gas
June 15, 2021

Prices rebounded

With fundamentals almost unchanged, European spot gas prices rebounded yesterday, keeping their bullish trend. On the pipeline supply side, Norwegian flows increased to 263 mm…
ES-oil
January 11, 2022

Venezuelan recovery

ICE Brent front-month continued to trade above 81 $/b, despite improving supply conditions in Kazakhstan and Lybia. Both countries are ramping up their crude production and should…
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? 

[booked-calendar]