European gas prices extended gains
European gas prices increased again yesterday, supported by forecasts of lower temperatures from tomorrow with levels expected to drop significantly below normal next week. While…
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.
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