01 September 2025: 09:30 BST
Super Dubai! We kicked off September trading with a bang, as the physical premium jumped to $3.47, the highest since February 28! In the window, it was standoffish, as buyers bid at $70.70 and sellers offered $70.80, with neither willing to shift. Only Vitol crossed the gap, lifting Mercuria’s $70.80 offer. The sellside was sparse, as some familiar faces eased off: just Unipec, Mercuria and Exxon offered. The buyside was more energetic: Vitol, Mets, Phillips, Exxon and Gunvor all showed up. Flat price was strong, ‘and if you wanted confirmation, the Dubai spreads were very strong,’ said a trader.
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.
