27 May 2025: 16:30 BST
To sanction or not to sanction? That is the question for Trump, who is reportedly considering whacking Russia with more sanctions as Putin gets increasingly on his nerves. But the small price jump that inspired didn’t last long and it fell back very quickly to below $64. Maybe the market’s not entirely sold on another outsized 411 kb/d increase in OPEC production from July, as reports emerged that delegates were expecting exactly that from this week’s meeting.
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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