European prices rose to record levels. Irrational?
European gas prices increased strongly yesterday, supported by the additional drop in Russian flows, down to 252 mm cm/day on average, compared to 258 mm…
ICE Brent prompt contract remained relatively stable at 73.2 $/b, US product markets were under pressure as the Biden administration considered biofuel blending mandates waivers for US refiners. European cracks remained supported, with spot diesel cracks still above 7 $/b at the prompt.
Get more analysis and data with our Premium subscription
Ask for a free trial here