14 April 2025: 16:30 BST
48 mil bbl! Mega! A huge set of Saudi allocations to Chinese refiners. A record breaker in fact, at least since The Officials publication began in June 2024. That’s a lot of crude shifting to the East. Rongsheng got the biggest share with a 15 mil bbl allocation but it was Unipec’s monthly change that grabs the eye: from only 3 mil bbl in April, they’ve surged to 14 mil bbl for May!
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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