30 September 2025: 09:30 BST
The end of a big month for the oil market and The Officials! We were very curious what the feeling would be at the big APPEC gathering in Singapore. The narrative there was decidedly bearish. Ooh, the sky is falling, the consultants and the EIA and IEA are saying there is a glut! Bearish supply and demand balances, blah, blah, blah…‘The Super Glut,’ as some called it. That was on the Monday before the Israeli bombardments of Qatar on Tuesday, and also while Mercuria was making some bearish moves on the Dubai benchmark and Vitol the opposite.
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.
