Will Cunliffe
Research Analyst, The Officials
The Officials reports are now published exclusively on the Flux platform. Visit The Officials website for more information.
Our reports are now published by The Officials, and accessible through the Flux platform. Login to Flux 4.0 to view them, or visit The Officials website to learn more and sign up to a free trial.
TACO TIME!
Trump loves his Tacos, Dubai is strong out of the gate in February, and more mixed messages from China.
Trump loves his Tacos, Dubai is strong out of the gate in February, and more mixed messages from China.
We can summarise this weekend in simple terms: markets fall on another TACO buffet! Trump knows his position is precarious: Republicans are losing votes in Texas and he needs some wins – Iran would not be an easy one at all. For oil that means prices are down, as one trader put it, 'the mood is to cut back before Trump does another trickery. April Brent continued to slide through the Asian session, dropping to $66.29/bbl by the close and touching the 65 handle after that. Precious metals kept plunging too, with gold and silver down another 5% and 6.8%. But on the ground in Dubai and across Asia, the prices seem right, with investors flocking to buy the dip! We saw many buying physical gold at the Dubai Souk. No silver buying though.
Premium Content
Our reports are now part of The Officials, and available exclusively on the Flux platform. Existing customers can Login to Flux to access them, or you can visit The Officials to sign up for free trial access.
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.
Related News
Brent Firms Despite Potential ‘Shadow Fleet’ Restriction Easing
Brent firms to $106.12 as US eyes shadow fleet easing, IEA speeds stock releases, Russian diesel returns, Ukraine hits Ryazan.
Brent lower at $104 in shadow fleet relief rumours
Washington is weighing sanctions relief for Russia’s shadow fleet, alongside a 1.8-million-tonne Russian diesel purchase....
Brent Firms as Saudi Aramco HQ Shoulders Heavy Damage
Aramco’s Dhahran HQ damaged in attack; IEA meets on European diesel stock releases; Huajin Aramco JV gets first Arabian crude.
More about
Donald Trump
Pendulum Swings
The closure of the Strait of Hormuz and disruption of feedstock flows have compounded supply tightness concerns in the Asian petrochemical..
17 page report
Who’s keeping count?
Edition: Euro Edition
Quiet North Sea, jumpy flat price and loudmouth Trump all in one day!
Guess who’s back!
Edition: Asia Edition
OPEC rumours regarding the supply gun came out and flat price took a hit. Meanwhile, India's Russian appetite is still a question