1 August 2025: 16:30 BST
Boys and girls, the tariff fluff is over. India freaked out and tried to curry favour with the US and curtailed back usage of Russian crude and bought American crude, sending the market in a tizzy from 66 to 73 roughly. And despite their bending over like the EU they still were tariffed hard. What we have learnt in life is that if you bend over you get tariffed or worse. Ask the EU 🤣. And now it is all done, the Indian issued a tender and did their buying and the bloom came off the rose. See the tender volume results in the details section.
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.
