21 October 2025: 09:30 BST
Flat price is rebounding. We told in yesterday’s European edition that the bearish narrative seemed overcooked. Too many bearish stories by so many and where is the extra physical oil? Yes, there is some by Saudi Arabia and that is it, the rest are producing the way they were so the extra marginal barrel is yes, there and weighing the market down but by the millions being reported. We just don’t see it.
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.
