04 April 2025: 16:30 BST
10 dollars down in 2 days! The power of market pricing in the collapse in global trade. China’s bold retaliation delivered the coup d’grace and the flat price expired. We know it can be temporary if the grown-ups ask questions and say, what are we doing, we are all tied in. In the meantime, 50s is not out of question. The impact on the Gulf economies is severe and all hands should be on deck not to paint rosy demand pictures but to have serious chats with the US and its trading partners.
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.
