Primakov/Shutterstock May loadings of crude grades underpinning the dated Brent benchmark are down 10.2% year on year at 587,000 barrels per day.Inquiries from Asian buyers sparked a spot market rally, but there is no shortage of supply.Norway鈥檚 latest Castberg field is poised to add 220,000 b/d to Norway鈥檚 nearly 2 million b/d crude production. Save for later Print Download Share Another brief episode of short-term derisking of oil under US sanctions spiked physical differentials and sent dated Brent through the roof 鈥� until the US tariff gambit shaved $10 off the price of the front-month Brent contract. Investors jumped on the bandwagon to benefit from the rally, while market shorts rushed for cover in the post-tariff carnage.
