2 October 2025: 09:30 BST
The bears are on the rampage! The $65-70 range looked impenetrable for a long time as an assault on the lower bound was repulsed before 10:30 BST. But a rapid-fire go again had us down to the $64 range minutes later. Nothing lasts, though, and it was quickly back above $65. But it’s really all about Dubai, whichever metric you choose; flat price, time spreads, Brent/Dubai… It’s getting soft in the PG. The MidEastern market has gone from super hot to not even lukewarm. Slam down.
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.
