Flux Markets | Double Trouble! Skip to main content

The Officials reports are now published exclusively on officialsbenchmarks.com. Current subscribers to the Officials will be able to log in there automatically to access their content.

Double Trouble!

US shoots down Iranian drone! North Sea window mania. And distillate seesaws
Published: February 3, 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, Flux
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, Flux
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, Flux
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, Flux
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 23
Share

US shoots down Iranian drone! North Sea window mania. And distillate seesaws

Men with guns lead to... shooting! The US Navy shot down an Iranian drone using the undefeatable F35. Easy job, we just wonder as to the cost for this aerial adventure versus the cost of the commonplace Shahed. The Russians use these devices by the dozen daily in Ukraine. Naturally the North Sea caught fire! Who knew what when, we wonder. After barging into the Dubai window, Totsa’s going full steam ahead in the North Sea window, bidding a breadth of Midland cargoes: for 22-26, 24-28 Feb and 2-6 March. Today’s window turned into a real Totsa vs Gunvor grudge match as the latter offered 4 more prompt cargoes: for 15-19, 16-20, 19-23 and 21-25 Feb.

Premium Content

To continue reading this page, please login or find our about our subscription options.

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.

Related News

Turning the risk down?

Conflicting messages from the US have created market uncertainty. Thus, we expect the CFTC COT report on 03 Apr to show....
8 page report
2 April 2026

Brent Rangebound at $108.86/bbl

Russia sends oil to Cuba; India cuts petrochemical taxes, Czech caps fuel prices, OPEC+ may boost output.
4 page report
2 April 2026

Brent Rallies To $108

Brent rallies by nearly $10 after Trump address to nation; Venezuela oil exports surpass 1mb/d; China exports rare crude cargo
4 page report
2 April 2026