The Texan energy crisis splits global petroleum markets in two

Brent prompt future contract came back to 63.5 $/b on early Tuesday, as Texas’ cold snap affected the US petroleum markets in unpredictable ways. WTI-Brent spreads collapsed, likely caused by lower US refining runs, pushing crude stocks higher in the short term. The two fields Troll and Johan Sverdrup in Norway were expected to shut down if workers declared a strike. A settlement was found before the strike could begin. 

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Global gas prices resume their ascent

European gas prices skyrocketed on Tuesday as GTSOU failed to sell monthly interruptible transport capacity at the UA/RU border once again, fuelling concerns over a…
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