11 November 2025: 16:30 GMT
Boy, the oil market is finally up. We The Officials have been confident something is wrong with the data and even today we queried several analysts along these lines: ‘If you are supremely confident your data is correct and the market is super long, how come the price is not going down, in fact it is going up? We can truthfully report back to you dear reader, we heard no answers and the entire thing still does not make any sense. So the oil price is going up. Inventories are not long, production is not coming up all of a sudden and guess what, the northern winter is here and it is cold!
The Officials publish 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 are 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.
