15 April 2025: 09:30 BST
An onslaught of Murban! After declaring 2 Murban cargoes to Vitol yesterday, PetroChina declared another pair to Vitol today. But that wasn’t all! Gunvor and Exxon both earned themselves a convergence with the Chinese mega seller today and PC granted each of them a Murban convergence as well. That was Exxon’s first of the month and April’s total convergence tally now stands at 18 cargoes, all from PetroChina – of which 12 to Vitol.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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