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
Large crude builds in the US spark concerns over the crude market imbalance – EnergyScan

Large crude builds in the US spark concerns over the crude market imbalance

ICE Brent crude prompt future continued to weaken towards 67 $/b mainly due to a rather bearish API data survey, showing that the US crude market continued to be strongly oversupplied, while Texan refineries struggled to ramp up output. Japanese markets showed weakness too, as refining runs struggled to ramp-up despite falling oil products inventories. 

us-gasoline-ending-stocks
Share this news :

You might also read :

November 28, 2022

Fed reassures, China worries

Macro & Oil Podcast #5 In this EnergyScan podcast, Olivier Gasnier tells us about the conclusions to draw from the minutes of the Fed’s meeting…
ES-oil
June 27, 2022

G7 leaders talk about Russian Oil

On Friday oil benchmarks moved up. ICE Brent gained 2.8% to settle at $113.12/b, while NYMEX WTI front month went 3.2% higher and closed at…
ES-gas
March 11, 2021

Prices extended gains on lower temperatures

European gas prices extended gains yesterday, supported by the downward revision of temperatures. On the pipeline supply side, Norwegian flows were up yesterday, averaging 329…
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]