16 December 2025: 08:30 GMT
A day of pain as whacking the flat price pinata gets out of hand! After days of relentless selling, Brent is finally under the key $60/bbl support. For the past 7 sessions, only one has closed higher than the previous close. There’s been a strong narrative of ample if not gigantic levels of floating storage following a raft of sanctions by the US and Europe. While this would normally result in the buyers being stressed, the key buyer for sanctioned barrels – China – saw the opportunity to hold back and pick up really cheap and distressed cargoes. This in turn put the pressure on Middle Eastern barrels who then didn’t have a home.
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.
