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.
View: Bearish Target Price: $67/bbl The M1 Brent futures contract rallied to nearly $71/bbl on 26 Sep, breaking out of a triangle they had previously consolidated around. However, prices met resistance here and sit at $69/bbl at the time of
The Nov’25 Brent Futures Contract initially rallied to $69.59/bbl at 06:00 BST before falling to $69.03/bbl at 11:21 BST (time of writing). In the news, OPEC+ is likely to approve another oil production hike of at least 137kb/d at its
The Nov’25 Brent Futures Contract rallied to $70.75/bbl at 16:02 BST before softening to $60.26/bbl at 17:33 BST (time of writing). In the news, Dangote Petroleum Refinery has reportedly laid off all of its Nigerian workers, citing a “total reorganisation”
The Nov’25 3.5% barge crack rallied sharply this week, after struggling to break above the -$6.70/bbl handle in the week ending 19 Sep. Prices subsequently rallied from -$6.90/bbl on 19 Sep to above -$5/bbl on 25 Sep, which met resistance,
The Nov’25 Brent futures contract has fallen this morning, from $69.66/bbl at 02:00 BST to $69.19/bbl at 11:30 BST (time of writing). In the news, another Russian refinery (Afipsky Oil) was targeted overnight on Friday by Ukrainian drones, suffering a
The Nov’25 Brent futures initially traded down to the $68.50/bbl level before climbing back towards $69.30/bbl, where prices have faced resistance over the past day. The next hurdle would be the psychological $70/bbl level. In the news, Indian officials have
The naphtha market has weakened. Naphtha stocks at the Amsterdam-Rotterdam-Antwerp (ARA) hub fell 18% from record highs to 547,000 tons, Insights Global data showed. East Asia’s petrochemical sector is undergoing its largest restructuring in decades, with China, Korea, and Japan
What a week it has been for the M1 Brent futures contract, which finally broke out of a long consolidation phase to sit at $69.30/bbl at the time of writing on 25 Sep. Technical traders would appreciate that the M1
The Nov’25 Brent Futures contract fell from $69.24/bbl at 07:53 BST to $68.60/bbl at 09:56 BST. Prices have since rallied back up to $69.09/bbl at 11:20 BST (time of writing). In the news, seven indigenous communities in Ecuador’s Amazon are
This week, we anticipate money managers to trim their length in Brent and gasoil futures. In contrast, we expect speculative length to increase in RBOB futures, as a reflection of supply tightness concerns in the Atlantic Basin. We expect a
Asian LPG has seen a weak fortnight, with the front FEI spread weakening from -$3.50/mt on 11 Sep to -$7.50/mt at the time of writing on 24 Sep. The Oct’25 outright contract witnessed a $9.30 decline d/d on 17 Sep
Nov’25 Brent futures rallied over the afternoon but failed to maintain strength above $68.00/bbl around 16.30 BST, and softened to $67.68/bbl at the time of writing at 17.05 BST. At the 80th UN General Assembly, US President Donald Trump accused
The front-month (Nov’25) Brent futures contract saw more support this morning and tested the $68/bbl handle thrice this morning, finally succeeding after 10:50 BST and reaching $68.30/bbl at 11:33 BST (time of writing).
*New look report with The Officials!*
Brent/Dubai found the floor last week as Oct’25 bounced higher from below -$2/bbl, reaching -$1.10/bbl by 22 Sep. Despite the seemingly orderly rally, there were large intraday volatility spikes with Dubai spreads being heavily
Nov’25 Brent futures rallied over the afternoon but failed to maintain strength above $68.00/bbl around 16.30 BST, and softened to $67.68/bbl at the time of writing at 17.05 BST. At the 80th UN General Assembly, US President Donald Trump accused
