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3 hours ago

From backwardation to contango: European crude diffs reflect ample supply

From backwardation to contango: European crude diffs reflect ample supply

Ample crude availability in Europe continues to weigh on physical markets, with differentials across the North Sea, Mediterranean and WAF falling to, or even below, pre-war levels. That said, continued geopolitical uncertainty and weak confidence... Read more.

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From backwardation to contango: European crude diffs reflect ample supply
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