2 September 2024: 16:30 BST
The market really wants to go up, one could conclude casually. Any event however minor or farfetched
has tremendous flat price consequences…to the upside. So the underlying market sentiment is bullish.
Libya’s state oil firm declared force majeure on the El-Feel oil field. The loss of production coincided with
the flat price jump post-window.
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.
