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THE OFFICIALS

Premier provider of market commentary, news, and price assessment for the physical and financial oil market

ABOUT THE OFFICIALS

The Officials bring you the unvarnished truth about what’s happening in markets, who is doing what, and what really matters.

We say it as we see it!

Jorge Montepeque – the creator of Dated Brent – leads the team in benchmarking key contracts, and its relentless hunt for the cold hard facts.

Subscribe for:

  • Twice daily reports on key market drivers and pricing
  • Weekly liquidity reports and quarterly traded volumes reports
  • Launching the Officials Brent Index on the Jakarta Futures Exchange – bringing market access to all
  • Regular analysts on Flux News shows

Latest reports

Away from the desks

Edition: Euro EditionVolume: 3Issue: 28
Everybody is busy partying and flat price is doing its own things!
10 February 2026

Arguments in the echo chamber

Edition: Asia EditionVolume: 3Issue: 28
IE Week is clearly underway and Brent is trading in the $68-69 as the market revises the super glut down.
10 February 2026

Liquidity Report 2.6

Volumes down on the week and largely down on the yea too.
10 February 2026

Subscribe to the Officials

A subscription to the Officials costs $200 a month or $2000 annually.

Credit card subscription will be available again from Monday 12 January 2026. Alternatively, please contact us to express your interest in subscribing.

Meet the Officials

Jorge Montepeque

Head of Benchmarking, Flux
Jorge Montepeque

Edward Hayden-Briffett

Research Analyst, Flux
Edward Hayden-Briffett

Will Cunliffe

Research Analyst, Flux
Will Cunliffe

Spyridon Kokas

Research Analyst, Flux
Spyridon Kokas

The Officials Archive

To the moon

Edition: Euro Edition
IE Week kicks off, Dangote's bold claims and the US' leaky purse
9 February 2026

Let’s get this party started!

Edition: Free EditionVolume: 3Issue: 27
IE week is starting here in London but over the weekend things were busy in politics!
9 February 2026

Party time!

Edition: Free Edition
Enjoy our weekly poll of Brent flat price direction on the summary page!
6 February 2026

Peering Eye 1.12

Edition: Peering Eye
Strait of Hormuz remains busy, but the vessel count in Venezuela has dropped significantly week on week.
6 February 2026

Too much yapping

Edition: Asia EditionVolume: 3Issue: 26
Iran talks continue but no juice and Brent stays high, while options activity is accelerating
6 February 2026

Stuck at the waterline

Edition: Euro Edition
Saudi OSPs surprise many, Dated Brent calms down, and Dangote refinery's troubles
5 February 2026

Get yapping!

Edition: Asia EditionVolume: 3Issue: 25
US and Iran argue about what to argue about... Dubai keeps climbing and fuel oil in a pickle!
5 February 2026

Flat price goes nuclear!

Edition: Euro EditionVolume: 3Issue: 24
Diplomacy in tatters, ADNOC OSPs hit Upper Zakum hard, more Dated Brent mania!
4 February 2026

Which words to believe?

Edition: Asia EditionVolume: 3Issue: 24
Trump shoves words in Modi's mouth, Europe's anti-Russian crusade drives rotation and China's got even more conflicting signals
4 February 2026

Double Trouble!

Edition: Euro EditionVolume: 3Issue: 23
US shoots down Iranian drone! North Sea window mania. And distillate seesaws
3 February 2026

Liquidity Report 2.5

Edition: Liquidity ReportVolume: 2Issue: 5
March futures volumes down ahead of expiry, strong April and May volumes
3 February 2026

The Daddy of all Deals!

Edition: Asia EditionVolume: 3Issue: 23
A mega deal makes everyone happy! Dubai gains some ground and Kuwait has big oil plans...
3 February 2026