25 July 2025: 09:30 BST
The relief after the squeeze. The Murban futures to Dubai partials spread boomed to $1.16 yesterday, surging from 4c just on Monday. But you can only squeeze so hard before the release and today the spread collapsed back to only 40c, while the spread to Oman is back down to nearly 30c, from $1.10 yesterday!
In ‘The Officials’, Onyx Capital Advisory publishes 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 will initially be 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.
