US refiners ramp-up operations, at the expense of product stocks

Brent prompt future prices retreated by 1$ at 56 $/b as most European countries doubled-down on restriction measures due to the expansion of the new strain of coronavirus. However, improved market conditions in the US, with an inventory draw in US commercial stocks and higher refining runs, are helping prices to potentially solidify at current levels. Chinese customs detailed preliminary trade data, showing December’s crude oil imports 15% below November’s level.

us-commercial-crude
Share this news :

You might also read :

ES-oil
September 1, 2021

US production could be limited for weeks

November ICE Brent futures became the front-month contract, with prices back above 72 $/b on early Wednesday. The API survey, released yesterday, reports a 4 mb…
ES-gas
May 25, 2021

Mixed European prices

European gas prices were mixed yesterday: rather bearish on the spot on the back of the increase in pipeline supply and the drop in Asia…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet? 

[booked-calendar]