ENVI’s MEPs found an agreement on dividing measure
Except in Germany where a public holiday and forecasts of higher wind output offset the bullish pressure, the European power spot prices continued to rise…
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.
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