Latest Analysis /
Short-term Global Oil Service
Weekly Fundamentals - Brent sheds yesterday’s gains as stocks build; further downside seen in the near-term
Published: 13 May, 2021
Highlights:
- ICE Brent prompt and long-dated backwardation has reduced but should increase soon
- MEH loses further ground to Brent as Colonial Pipeline outages impact Gulf Coast crude demand– diff now reaching a floor
- Urals discounts narrow sharply due to higher demand for the grade in Europe
- Demand: Rapid ...
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