Ten indicators that show where energy markets crack

A refinery in the port of Antwerp. Photo: TotalEnergies.
A refinery in the port of Antwerp. Photo: TotalEnergies.
Oil prices can swing by tens of dollars within hours, as happened this week amid the war surrounding Iran. Yet the headline oil price is only one signal from the commodity markets. A further ten indicators reveal where pressure in the energy system is truly building.

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