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Short-term Global Oil Service
Weekly Oil Market & Refining Update - Crude prices rally as global oil balances are set to tighten in 3Q 2021
Published: 14 June, 2021
Highlights:
- CRUDE: Prices rally as global oil balances are set to tighten in 3Q 2021
- STRUCTURE; Prompt backwardation increasing as global oil balance is expected to tighten
- US CRUDE: WTI/Brent differential unchanged w-o-w; seen temporarily widening in 3Q 2021
- REFINING DEVELOPMENTS: China’s Shenghong refinery ...
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