18 November 2025: 08:30 GMT
Traders have end of the year ennui, “nothing is happening, liquidity is so low,” said one and pointed to crude trades where the players are essentially and primarily doing TAS trades. He added, “they are not taking positions.” Volume is low and volatility has been low. The Officials have also noted low liquidity and minimal trading when assessing the OBI, especially for the final settlement at 01:30 Jakarta time.
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.

