23 July 2025: 09:30 BST
The market always has a few juicy rumours about trading car crashes and, every once in a while, about a big train crash with vast amount of dollar bills burned up. Nobody is immune, as we know after observing this markets for a long time. The psychology is that losses are more talked about than wins even though for every loser there is a winner. This time it is Vitol’s turn to be in the spotlight and just to make sure we don’t get it wrong we asked them. This hopefully minimises but not totally eliminates the possibility of getting a letter crafted with great care and penmanship. Forgive me if I digress but I have been zinged before .
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.
