04 June 2025: 09:30 BST
Middle Eastern Official selling prices (OSPs) are to be issued later in the day and ahead of the region’s religious holidays. We wish everyone celebrating a restful period from Asia through the Middle East to Europe and the Americas. Keep an eye on the X/Twitter account (@OnyxOfficials), where we will release the OSPs as soon as we get them. A quick survey of market participants by The Officials showed market opinion is divided: most agree on some degree of cut (referring to Arab Light to Asia), but the degree is split between a few cents to as much as -40c from the June price. The change in Dubai structure
implies a cut around 35-40c…
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.
