3 September 2024: 09:30 BST
Dubai surged relative to Brent, closing the spread. China is widely seen as underperforming but the weak
picture as we enter the fall is not translating into softer Asian benchmarks. Dubai is the outperformer so far in
September. The prompt weakness in the Dubai we saw throughout the back end of August has been left in
dust after expiration. Vitol continued to bid and are seen as winning with Dubai physical premia rising to over
two bucks in the first two trading days of September.
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.
