02 July 2025: 16:30 BST
The dust is settling from the Prax collapse. Lindsey Refinery is the epicentre, where the radioactive fallout is most intense. But it’s spreading across the entire country’s infrastructure, as Lindsey supplies numerous key transport hubs, including Heathrow Airport. Repeated calls to suppliers and operators including Heathrow Hydrant elicited refusals to comment and lack of clarity as to what, if anything, the Airport is doing to prevent supply disruption. Stories of fat cats gorging on gluttonous bonuses while the business collapsed made it into mainstream media, fuelling public outrage. Net Zero Brains was quick to stick his oar in, demanding an investigation into directors’ conduct and the “circumstances surrounding this insolvency” – maybe he should also look at his suffocating policies…And remember a company is not run as a social service but to generate profit and yes, returns to its owners. So, if anybody is outraged and thinks the business is too good, buy it and run it! The government is also asking Prax creditors to register to come and feast on the carcass. The vultures are circling to get their just desserts!
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.