3 November 2025: 08:30 GMT
Dear readers, this issue of The Officials is a free taster – attendees at ADIPEC, read on! The loudest noises we’ve detected from the conference so far are that demand remains strong, despite the increasingly noisy super glut narratives being pushed from all angles.
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.

