Growing risk premium at the TTF beyond WIN22
European gas curve prices showed significant gains on maturities beyond WIN22 on Friday, still supported by political statements from the US over a blocking of…
Crude oil, US gasoline and diesel prices declined on early Tuesday as the pipeline operator announced that transport capacity should be restored by the end of the week, while it started to operate a subsection of the line manually to flow product inventories to the East coast. Gulf Coast refiners are already cutting gasoline and diesel output to limit product builds in the region. Indian Oil Corp, one of the key Indian refiner, is cutting utilization rates for their refineries to 85%, 10 %pts lower than April, as product stocks as swelling due to the magnitude of the demand destruction.
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