26 December 2025: 08:30 GMT
The ‘Peace President’ announced yet more bombing. This time it’s not Venezuela that’s getting the pointy end of his wrath, but Nigeria. Donnie said he targeted “ISIS terrorist scum in Northwestern Nigeria” and yet the oil market hardly reacted. Despite Nigeria producing almost 1.5 mil b/d against Venezuela’s 930 kb/d (per OPEC secondary sources), flat price hasn’t really moved since the close on Wednesday and reached the Asian close at $62.20/bbl. These days, the market wants concrete proof that a policy or event will follow through and have a material impact, so it’s not reacting just yet…
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.
