Latest Analysis /
Short-term Global Oil Service
Weekly Fundamentals - Crude prices increase as global oil balances are set to tighten further
Published: 3 June, 2021
Highlights:
- ICE Brent M1/M12 backwardations increases due to uncertainty in US/Iran talks
- Brent/Dubai EFS increases slightly across the curve
- WTI/Brent diff continues to narrow – temporary downwards pressure to return in 3Q
- Urals discounts narrow at the end of May – little upside from current levels ...
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