13 October 2025: 16:30 BST
For many weeks, oil market analysts have been waving the bearish banner, yet markets have defied them. Even OPEC have turned a bit more bearish in their most recent update, (read more on the next page). Time spread structure, although it has softened, remains backwardated in the prompt. At least for now. We are in fact starting to get a glimmer of contango permeating the down the back of the curve
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.
