19 September 2025: 09:30 BST
The Dubai mega battle continues and the ebb and flow have not been favouring the shorts! Mercuria has been the headline seller of UZ, trying to pummel that baby down. But the first two weeks of trading were unkind to the fast and furious with Vitol and the Chinese having the upper hand. But Mercuria reloaded and has more lives than a cat. As Mercuria sold, the physical premium plunged 36c to $2.64, the lowest in September trading! It’s only the second day it’s been below $3, after Wednesday’s dip to $2.98. But it looks like too little, too late… for Mercuria. “They hurting”, said a trading source!
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.
