US stimulus package lifts hopes

  • Oil

Brent prompt contract regained Monday’s losses to reach 56 $/b, despite a strengthening dollar. At the same time, diesel margins progressed higher in Europe and Asia. The US stimulus suggested by President Biden’s team is expected to lift US consumer spending earlier than expected, hence improving distillates and gasoline demand. Saudi Arabia will upgrade its on-road diesel specification to international standards this year, reorganizing product export flows.

crude timespreads
Share this news :

You might also read :

ES-gas
March 4, 2022

Prices rose to record highs before falling

Torn between opposing fundamentals, European gas prices reached new historical highs yesterday before closing lower. As proof that gas supply is becoming a problem in…
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
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

Twitter
EnergyScan - Newsletter subscription
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]