Tropical storms may reduce US offshore production

ICE Brent prices reversed to 72.6 $/b, as the dollar surged against other currencies, due to the more hawkish US macro policy outlook. Interestingly, time spreads at the prompt climbed higher during this event, still valued at 80 cents at the prompt, as fundamentals were not affected by macroeconomic policy. WTI-Brent spreads reversed slightly but we remain constructive on this spread. 

ARA gasoline inventories
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

February 5, 2021

Slight price rebound in Europe

European gas prices rebounded slightly yesterday as the bullish impact of higher EUA and coal prices (which increased parity prices with coal for power generation)…
October 21, 2021

Diesel carries the most upside risk

ICE Brent crude futures continued to be supported, at 85.2 $/b for the Dec21 delivery, as stocks data in the US and the ARA region surprised to…
November 30, 2021

Strong price rebound

European gas prices rebounded strongly yesterday, supported by cold weather, ongoing concerns on Russian supply and technical buying. The rise in Asia JKM prices (+3.01% on the…
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?  Sign up here!