08 September 2025: 09:30 BST
The attendees of APPEC certainly have a busy schedule of chatting and canape eating this week. Asia opened with a bang today, recovering by nearly 1.5% following a disastrous fall of over 2% last Friday. Traders were afraid OPEC would muck it up and mismanage the crude production increases in its Sunday meeting. The mood was very bearish heading into the weekend, but the market interpreted, correctly we may add, that not much would effectively change since most producers are already at maximum output capacity. Some felt the market would eventually correct down but commentators hedged their bets calling for a fall – but next year!
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.
