14 November 2025: 08:30 GMT
The Ukrainian bombing of the Russian Novorossisk export facility sent the market in a tizzy. Brent nearly hit $65 bucks again and the mood is decidedly bullish. This raises the question as to why the market is reacting so violently if there is a glut of barrels and vessels full of unsold oil everywhere. We really question and have questioned this narrative, as the price is telling us something entirely different.
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.
