24 December 2025: 04:30 GMT
The narrative is changing! The super glut mania is fading as market participants fail to see evidence of the deluge of excess supply flooding the market. OPEC doesn’t have the spare capacity to open the taps much more, as they’ve essentially all been doing as they please for a long time, anyway. Numerous commentators and analysts are now expecting hefty upward revisions to demand and paring back of supply estimates. Of course, much hinges on China continuing to buy for its strategic purposes.
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.
