14 May 2025: 09:30 BST
Following the successful agreement of The Officials Brent Index (OBI) with Jakarta Futures Exchange, The Officials are working on partnerships with other exchanges, including with the Stock Exchange of Thailand. We will keep you informed but we think there is a big market for low-cost data and market use. Guess who is your premier low-cost data provider? The Officials! Stay tuned for any new developments!
Brent must have felt dizzy at those lofty heights near $67, as it stalled yesterday evening and fell through today’s Asian session. The Dubai physical premium may be running out of steam too, as it felt the pain for the second consecutive session today, falling a further 31c to $1.10. Who’s surprised, as Totsa popped up on the sellside along with the regulars Vitol and Gunvor – plus of course Reliance, steady as a rock! PetroChina remained a constant presence on the buyside, while Mitsui put in a good shift next to the Chinese, earning a convergence with Gunvor – which nominated a Murban cargo. Mitsui reached a convergence with Vitol too, for yet another Murban. Trafi also showed up on the buyside, picking up a few partials from Vitol and having its bids hit by the likes of North Petroleum. This saw Vitol declare yet another Murban to Trafi…
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.
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