16 September 2025: 16:30 BST
The market was on fire on the rumours of cutting Russian production, facing the onslaught of Ukrainian drones hitting infrastructure! Brent flat price surged from barely holding its head above the $67 line in the morning to a monumental $68.32/bbl by the European close! Although flat price was booming to its highest since 2 September, the prompt spread lagged and struggled to rise in unison. It did manage to rise to 44c by the close, however, it was just up 3c from yesterday.
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.
