26 September 2025: 09:30 BST
The big news this month: the prompt Dated/Dubai swap has flipped back to positive territory for the first time since mid-August. We were wondering yesterday who let the bulls out in the North Sea; those same bulls wanted to keep a low profile in the Dubai window and decided it was time for Dated’s comeback. The October Dated/Dubai swap was trading as high as 15c in the early trading before partially retracing to 2c by the Asian close – that still a hefty 33c higher than yesterday! One trader was getting excited about his flies too, the Oct/Nov/Dec Dubai fly dumped from 75c on Monday to 35c yesterday!
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.
