15 September 2025: 09:30 BST
Tariffs! Again. The umpteenth round had the market opening higher today, rising 40c from Friday’s close. Trump’s gone cold on Putin because he keeps dropping bombs – and he’s telling Europe to “toughen up” and go cold turkey on Russian energy too. His proposed collective NATO tariffs on China of 50-100% would be a massive escalation of the gumming up process of global trade. Instead of pouring treacle into the system, they’d be dumping concrete… But America keeps on buying what it needs like titanium and nuclear plants fuel. He should lead by example. Instead, the Europeans need to suck it up, poor weaklings.
The Officials publish 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 are 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.
