Prices extended gains
European gas prices extended gains on Friday, mainly supported by the drop in temperatures below normal, a situation now expected to last until at least…
ICE Brent prompt contract eased to 69 $/b, as EIA released a slightly less bullish set of numbers compared to the API survey for the US petroleum market. US crude stocks were still depleted by 8 mb, as refineries ramped up by 0.2 mb/d w/w. Saudi OSPs to Asia for June shipments were set lower compared to last month, with a 30 cents cut on the heaviest crude and 10 cents on the Arab Light flagship crude.
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