European prices extended gains on sharply lower Norwegian supply
European gas prices extended gains yesterday as the sharp drop in Norwegian supply tightened gas balances even more. Indeed, due to an unplanned outage at…
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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