15 July 2025: 16:30 BST
In a major act of self-harm, the US administration paraded Energy Secretary Chris Wright in a Bloomberg TV interview where he stated there would be no tariff carve for US energy imports. Among other issues, this would totally harm the US in its jet requirements, some of which comes from Korea into the US West Coast, Gasoline into the US East Coast or all of its heavy crude oil refining industry. It would cause a major mess, sources concluded, calling it “madness.”
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.
