Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/befikry/energyscan.befikry.com/wp-includes/functions.php on line 6121
Rallying by default – EnergyScan

Rallying by default

At 61 $/b, Brent prompt futures are now at their 7th consecutive positive session, boosted by a weakening dollar and Libyan output unable to ramp-up due to political instabilities. Furthermore, North Sea oil output will fall by 0.13 mb/d in March, based on the provisional lifting schedule, at 1.7 mb/d. After Russia reduced exports to Europe by close to 20% in February, Rosneft decided to increase loadings in Baltic ports. Chinese refiners are returning to the West-African market with potentially a large share of cargoes going into China for March’s trade cycle. 

future-crude-prices
Share this news :

You might also read :

ES-oil
February 1, 2021

Saudi OSPs expected to fall

Brent prompt month futures remained range-bound on early Monday, as newly implemented European travel restrictions were anticipated to reduce gasoline and jet demand in February.…
ES-gas
May 21, 2021

European gas prices bounce back

European gas prices eroded most of Wednesday’s losses in another extremely volatile session on Thursday: more than 2 euros between the intraday high and the…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]