IMG.gif
spot cargo markets

Demand Boost to Oil Prices as IEA Flags 'Extraordinary Gains'

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss2049314015-trading-brent

Oil prices rebounded from last week's lows after the International Energy Agency (IEA) declared “extraordinary gains” in global oil demand driven by fuel switching from natural gas in the power and industrial sectors. International benchmark Brent gained $5.48 per barrel over the week to close at $99.60/bbl Thursday, while US price-pin West Texas Intermediate ended the week $5.80/bbl higher at $94.34/bbl. Brent has still fallen $30/bbl from its $123.58/bbl peak on Jun. 8.

Topics:
Jet Fuel, Oil Spot Markets, Crude Oil
Wanda Ad #2 (article footer)
#
US SAF producers are designing their projects to maximize carbon savings and achieve the full benefit of the blender's tax credit in new legislation.
Fri, Sep 23, 2022
Trading of Russian oil — never transparent at the best of times — is being driven further underground by western sanctions.
Fri, Sep 23, 2022
More replacement ULSD is heading to Northwest Europe, allaying traders' fears about how the market will cope with a ban on Russian imports.
Mon, Sep 19, 2022