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-gas
May 27, 2021

European prices maintained their uptrend

European gas prices were up yesterday, maintaining their uptrend amid ongoing tight fundamentals. While Russian supply remained desperately stable (at 332 mm cm/day on average),…
ES-oil
January 14, 2022

Rally in diesel markets

The rally in the diesel market is finally materializing as European distillate cracks rose strongly this week, reaching 14 $/b for ICE Gasoil cracks – despite…
ES-oil
February 17, 2022

A three-beat waltz

The oil market has been quite volatile since yesterday: the price of Brent 1st-nearby exceeded $96/b before plunging to $91/b and then rising to $94/b this…
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]