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The Officials: The Liquidity Report 1.21

01 July 2025

Amidst de-escalating tensions in the Middle East, which saw crude and product prices declining more than 10%; in the week ending 27 June 2025, exchange traded futures volumes in Brent front month declined w/w as it was approaching expiry, with August contract volumes falling 37.58%. Gasoil and Heating Oil exchange traded volumes contracts declined across the board w/w. By contrast, WTI futures volumes marginally increased across the three tenors w/w.

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.

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