EnergyScan

EnergyScan logo
LOG IN
START A FREE TRIAL
LOG IN
START A FREE TRIAL

US markets may rebalance faster than expected

  • Oil

Brent futures prices recovered as of early Wednesday, at 68.8 $/b as the API survey showed a surprise draw in crude oil stocks, demonstrating a faster rebalancing of the US crude market. Japanese weekly statistics showed a continued recovery in refining runs. Imports were likely up as commercial crude stocks rose by 1 mb. European and Asian middle distillate cracks continued to edge lower, pushing refining margins at concerning levels. 

us-weekly-stock-change
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
April 9, 2021

Physical crude trade picks up

Crude oil prices remained stable on Thursday, at 63 $/b for the prompt ICE Brent contract. Looking at refined products, prompt ICE gasoil crack is…
ES-oil
October 27, 2021

Cushing draws surprise

Crude prices remained supported throughout yesterday, despite builds reported by the API survey in the US. Indeed, crude stocks grew by 2.3 mb, while refined…
ES-oil
April 7, 2021

Japanese refiners reduce throughputs

ICE Brent futures contracts remained broadly stable, at 63 $/b, after regaining from Monday’s price slump. The talks to revive the Iranian nuclear deal were…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet?  Sign up here!

[booked-calendar]