Please note that there will be a hiatus in the publication of reports between 22nd December and 2nd January due to the Christmas period. Reports will be published as normal from Monday 5th January 2026.
In the week ending 21 Oct, Brent futures fell from $63.56/bbl on 14 Oct to lows of $60.40/bbl on 17 Oct amid rising US-China trade tensions and concerns of a supply glut pressuring sentiment. Prices met some support at this
View: Cautiously Bearish  Target Price: $62-64/bbl  Brent crude futures returned to two-week highs last week, where prices saw an outsized rally as the US imposed sanctions on Russian oil giants Rosneft and Lukoil for the first time. Prices reached highs
The Dec’25 Brent futures contract has fallen this morning, from $66.40/bbl at 06:00 GMT to $65.08/bbl at 09:00 GMT. Prices met some support here, rising to $65.29/bbl at 10:30 GMT (time of writing). In the news, US Treasury Secretary Scott
The Dec’25 Brent futures contract eased this afternoon, falling from $66.73/bbl at 1:00 BST to $66.08 at 14:00 BST before meeting support and recovering to $66.38/bbl at 18:00 BST (time of writing). In the news, BP has reported that its
The Dec’25 Brent futures contract rose this morning, from $65.58/bbl at 05:00 BST to $66.28/bbl at 09:30 BST before easing to $65.93/bbl at 11:00 BST (time of writing). In the news, Reuters has reported that US sanctions on Russia-owned NIS
The Dec’25 Brent futures contract has risen this afternoon, from $65.19/bbl at 14:00 BST to $66.07/bbl at 17:30 BST (time of writing). Crucially, prices have met resistance at the 50-day moving average. In the news, Reuters has reported that OPEC
Another round of sanctions was slapped on Russian entities from the US, and the market responded in kind and reversed its weekly losses to test the 50-day moving average and tussle around the $65.00/bbl level, with monthly highs of $66.60/bbl
The HSFO complex saw continued strength this week, driven by bullish sentiment in the 3.5% barge complex. The front Nov’25 crack remains supported above -$3/bbl, while the Bal-Oct/Dec’25 spread is holding above $20/mt. A bullish pricing play by a Geneva
The Dec’25 Brent futures contract gapped up from yesterday’s close of $63.50/bbl to $64.12/bbl at today’s open. Prices have continued rallying, reaching $65.82/bbl at 12:00 BST (time of writing). In the news, US President Trump announced new sanctions on Russian
This week in Brent, money managers are anticipated to take a risk-on stance, marginally adding to longs and shorts. In contrast, they are expected to turn risk-off in RBOB futures and gasoil by trimming length and adding to shorts. Producers/merchants
LPG markets have been mired by renewed US-China tariff tensions. Sentiment weakened as Trump’s threat of 100% tariffs on Chinese goods sparked a sell-off in the Far East propane Index (FEI), where the FEI/CP rapidly corrected lower from $48 to
The Dec’25 Brent futures contract rose this afternoon, from $62.28/bbl at 13:00 BST to $62.95/bbl at 17:00 BST (time of writing). In the news, Reuters has reported that a Chevron-operated consortium developing the Kazakh oilfield, Tengiz, will restart oil exports
The Dec’25 Brent futures contract has traded in the $62/bbl handle this morning, from $62.23/bbl at 05:00 BST to $62.59/bbl at 07:45 BST. Prices eased further to $62.06/bbl at 11:00 BST (time of writing). In the news, Britain has issued
The Dec’25 Brent futures contract fell this afternoon, reaching $61.73/bbl at 13:45 BST before falling to $60.37/bbl at 15:00 BST. Prices found support at this level, recovering to $61.35/bbl at 17:00 BST (time of writing). In the news, Reuters has
There has been immense pressure in the Dated complex in the last week. The implied physical differential curve is negative until March. This type of weakness has not been seen since COVID. The physical windows have been really quiet. Physical
