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
July 2, 2021

Extended stay in Vienna

Yesterday’s meeting for OPEC+ members was adjourned, despite a partial agreement reached between the two heavyweights of the group, Saudi Arabia and Russia. The agreement…
ES-gas
November 9, 2021

Prices up as Russian supply disappointed

European gas prices increased yesterday as the hopes of an increase in Russian flows have been dashed. Indeed, Gazprom did not book extra transportation capacity…
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]