Declining storage options pressure prices and runs

摘要

Refnery run cuts in response to the coronavirus-induced demand collapse weighed on prices, with multiple commodities registering record-low values. Atlantic basin benchmark North Sea Dated fell by $4.16/bl to $19.18/bl in the week to 2 April, while Mideast Gulf benchmark Dubai fell by $3.65/bl to just above $25/bl. But US marker May WTI gained $2.72/bl to $25.32/bl.