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The Officials: Saudi OSPs take off!

07 July 2025: 09:30 BST

What a hectic weekend: an outsized OPEC fake quota boost, massive Saudi OSPs increases and an all-you-can-eat buffet of TACOs on Sunday! OPEC wants to rip off the plaster and get out from under the reports of – hey, if there are no quotas, there are no concerns about compliance! 4D chess! So, OPEC goes up on paper, but the real increases are marginal while demand booms, so…prices go up!

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.

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