Latest Analysis /
Short-term Global Oil Service
Weekly Fundamentals - Upward momentum in crude prices continues; Asian demand facing near-term downside risk
Published: 10 June, 2021
- JPCOA negotiations will resume on Saturday (12 June), just six days before Iran’s elections
- ICE Brent prompt backwardation increases, further upside ahead
- WTI/Brent differential remains narrow because of tight US crude supply balance
- Urals discounts widen but seen narrowing again in early 3Q 2021
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