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Latest Analysis / Short-term Global Oil Service

Weekly Oil Market & Refining Update - Crude prices volatile after last week’s Texas big freeze; uncertainty ahead of OPEC+ meeting next week

Published: 22 February, 2021

Highlights:

  • CRUDE  Prices volatile after last week’s Texas big freeze; uncertainty ahead of OPEC+ meeting next week
  • STRUCTURE: CE Brent backwardation increases due to US supply disruptions
  • URALS and the MED: Urals discounts widest since April 2020
  • Key Refining Developments & Global Refinery ...

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