Europe Oil Market Commentary

Front month Brent was little changed by the late afternoon Monday, but backwardation narrowed after later dated contracts ticked higher...

Brent ended the week on a softer note by the late afternoon marker Friday as the market waiting for more clarity on the impact of the Omicron...

Brent dipped lower by the late afternoon marker Thursday as the recent rally stalled after the UK imposed...

Gasoline, diesel and jet cracks rallied in Europe on Wednesday as the market continued to shrug off fears of demand destruction...

Brent was fast nearing $76/b by the late afternoon marker Tuesday as fears of deep demand destruction from omicron eased...

Light ends climbed more than Brent in Europe Monday as the oil complex edged higher...

Brent ended the week higher by Friday's European 1630 London time close compared to the prior day, although prices were...

Brent was still lower by the late afternoon marker than Wednesday, but the crude future was rebounding...

Brent crude futures recovered marginally on Wednesday, but remained around $11/b lower than Friday's levels...

Brent spiralled downwards again Tuesday after the Chief Executive of Moderna told the Financial Times that existing vaccines...

Diesel, jet and gasoline prices and cracks clawed back some lost ground in Europe Monday...

Brent crashed more than 10% Friday after the new super tough variant of Covid in southern Africa spooked markets...

Gasoline prices, swaps and cracks tumbled Thursday in Europe, but jet cracks continued to recover from last week's plunge...

Middle distillate cracks firmed by the European close on Wednesday with 2022...

Cracks for jet fuel led the rebound in middle distillates by the European close on Tuesday...

Low sulfur gasoil futures recovered 2% at the start of the week from their four-week low...

Eurobob E5 and distillate futures led the slump in oil prices Friday, crashing more than $6.30/b and $4/b respectively by the late afternoon marker...

Eurobob gasoline prices and cracks in ARA continued to fall, while Brent's afternoon...

]Gasoline prices and cracks crashed lower Wednesday after the EIA report showed a small draw in stocks but also less gasoline production...

Distillate cracks bounced back Tuesday after three days of heavy falls amid a rally in Brent that lifted the European oil complex...