The Dec’25 Brent Futures contract fell this morning, from $65.76/bbl at 03:00 BST to $65.00/bbl at 10:45 BST (time of writing). In the news, an official from the Indonesian state energy firm Pertamina (PERTM.UL) reported no supply disruptions following a fire at its Dumai refinery. Gasoline supplies for northern Sumatra were not affected. Elsewhere, the US has confirmed that they will provide Ukraine with intelligence for long-range missile strikes on Russian energy infrastructure, reports Reuters. This will make it easier for Ukraine to target Russian refineries, pipelines, and other infrastructure. In other news, the Trump administration is also set to keep oil and gas permitting unhindered, despite the government shutdown. Bloomberg reported that the volume of unsold Middle Eastern oil in November is estimated between 6mb/d and 12mb/d with sellers including the United Arab Emirates and Qatar. Finally, at time of writing, the front-month Dec/Jan’26 and 6-month Dec/Jun’26 spreads are at $0.28/bbl and $0.61/bbl respectively.
