29 May 2025: 09:30 BST
The wheels are falling off! A US federal court struck down Trump’s cherished reciprocal tariffs, deeming them an overstep of presidential authority and unconstitutional. There is a 10-day deadline, but, of course, the White House was quick to shout back that it’s “Not for unelected judges to decide how to properly address a national emergency”. But really, this ruling is an effort to offset the economic emergency of a financial meltdown precipitated by Trump’s gung-ho approach to tariffs! This is a point of pride and ego now!
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).
For any comments, please reach out to us through the emails provided in the signed documents.
