04 September 2025: 09:30 BST
Stop the clocks! Oman’s Lazarus-style resurrection is complete! Prompt Oman futures are now pricing higher than prompt Murban futures, reaching an 11c premium over the lighter grade. Ok, let’s not get carried away; Oman will still face its usual expiry issues but the Murban party might be over. The Murban strength has baffled many recently, but that looks to have fizzled out, as the prompt Murban/Brent futures spread falls to $2.33, the lowest since 15 August and against Dubai partials, Murban is now at a discount!
In ‘The Officials’, Onyx Capital Advisory publishes 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 will initially be 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.
