25 April 2024
Gas Matters Today - Energy markets pricewatch
Publication date: 05 March 2015
Gas Strategies Group
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ISSN: 0964-8496
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Brent crude futures for April were trading at USD 60.40/barrel on Thursday morning. The contract had closed at USD 60.55/barrel at the end of the Wednesday session, down around USD 0.50/barrel day-on-day. News reports point to mixed drivers, with downside coming from growing US crude stockpiles and upside from Iran refusing to negotiate its nuclear programme and lower expected oil production on the back of capex cuts in the coming months.