23 June 2025: 16:30 BST
Talk the market up! Bomb! Rinse! Repeat! It’s a broken record. Even the greatest conductors of all time would be envious of such orchestration. The market saw through the transparency and Iran was quick to reassure its “friendly and brotherly” neighbours it meant no harm… Because there was nobody where they fired! They were nice enough to fire the slow ones that are easy to intercept and Qatar reported no casualties. Everyone’s a winner. What a rinse it was, if you were a long holder you were rinsed, bleached, dried out and are now wondering ‘why didn’t I read The Officials?’ We have been telling you the Strait cannot be closed and the supply is healthy and uninterrupted. Don’t forget Trump wants low prices. A winning combo… if you’re short!
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.
