6 May 2025: 16:30 BST
Trump doubled down on the false assertion that the US doesn’t need Canadian energy – except 5 mil b/d of heavy crude they would have to go and find elsewhere… We can’t wait to see dozens of US refineries run on the power of “friendship” alone! How many times can they cry wolf? Another day, another promise of incoming trade deals. This time, Bessent said trade deals may come as soon as this week… hang on, didn’t they say the same thing last week?
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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