28 November 2025: 08:30 GMT
November was a funny month: the optimists and pessimists were more divided than ever on the prospects for peace in Ukraine. The super glut narrative continued in full bloom. The shorts were licking their chops in anticipation of a market collapse and a big fat reward. But it was not to be even if it looked tantalizingly close for a while. After Ukraine accepted the (albeit dieted) US 19 point plan for peace, markets dumped with Brent dropping over a buck in a couple of minutes.
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.
