EnergyScan

US Gasoline markets pricing in a tense driving season

Brent prompt future contract climbed to 63.6 $/b on early Wednesday, as the Texan energy crisis continues to wreak havoc on the state’ oil infrastructure. With the whole Midwest region is also affected by cold temperatures, losses in refining capacity are estimated at 4 mb/d in the US. Japanese crude stocks fell amid a rise in domestic refining runs.

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ES-oil
March 4, 2021

3 standard deviations away

Brent prompt future contract significantly recovered yesterday, to reach 64.7 $/b. Crude prices were boosted by rumours that OPEC members could roll over the current production…
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