8 May 2025: 16:30 BST
This is a huge deal, folks! A source told The Officials the deal for Shell to acquire BP is progressing and will happen… BP hasn’t had long to reset itself but it’s not going particularly well, if the Q1 financials are to be believed, so it’s a sitting duck for the takeover. Things don’t seem to be plain sailing for Chevron either, as we’ve heard it could cut 20% of its staff! It’s brutal out there, people, take care…
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).
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