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.
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…
The widely awaited intervention of Lael Brainard, member of the Fed’s Board of Governors, gave clear indications on the acceleration of the monetary tightening expected…
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…
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