Flux Markets | Who says pirates can’t wear shades? Skip to main content

Who says pirates can’t wear shades?

The diff gets crushed and there are Pirates in the Mediterranean. Meanwhile, the US cold snap could have implications on Gulf Coast refineri
Published: January 22, 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, Flux
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, Flux
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, Flux
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, Flux
Jorge Montepeque
Edition: Euro Edition
Share

The diff gets crushed and there are Pirates in the Mediterranean. Meanwhile, the US cold snap could have implications on Gulf Coast refineries.

France, with assistance from the UK, is taking a leaf out of the pirate playbook and escalating aggression against Russia’s “shadow fleet.” Today, the French navy boarded the Grinch (IMO: 9288851), fully laden with Christmas cargo, having left Murmansk in late December. Grinch stole Christmas, but Macron stole Grinch… The vessel was heading toward the Suez, before disappearing from public vessel-tracking systems. Macron said the vessel is under international sanctions and suspected of flying a false flag.

Premium Content

To continue reading this page, please login or find our about our subscription options.

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 Softens to $64.02/bbl

Vitol and Trafigura advance US-backed Venezuelan oil exports to Europe and India; Ukraine signals peace talks near, UAE meetings imminent
4 page report
22 January 2026

Old habits die hard

Edition: Asia Edition
The talk is in Davos this week, but pay close attention to VLCCs as Dubai remains weak. Meanwhile, China imports record Russian LNG.
22 January 2026

Brent Sub-$65/bbl

Aramco says oil glut overstated; US refiners buy Venezuelan crude; tanker rates lift Russian trade.
4 page report
22 January 2026

More about
Donald Trump

Dated reality check

Edition: Euro Edition
The physical differential takes a massive hit as SPM3 is expected to come back at last. All that while the market is focused in Davos.
21 January 2026

Shooting up!

Edition: Asia Edition
CPC to reopen, but Tengiz oil field has different plans and Brent is rallying again!
21 January 2026

Switching it up!

Edition: Euro Edition
TTF rallies, as well as Dated Brent after another problem on the CPC and Libya. While government bonds are selling off everywhere
20 January 2026
Flux Markets
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.