24 September 2025: 09:30 BST
What a wacky window! Or wacky players…buyers were avoiding certain sellers like the plague. And sellers avoiding buyers. Somebody please bring some order to the nonsense! Unless our eyes and ears deceive us, NPI was happily bidding at $69.89, but the sellers Mercuria and Reliance gave them the cold shoulder, entering their own offers below that and hitting lower bids from the likes of Vitol. A study in careful avoidance. Market crosses or wide bid/offers are the death of markets. But hey, the liquidity in Dubai is enormous, with players telling us that the Oct/Nov Dubai spread had a record yesterday.
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.
