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.
The Jun’25 Brent Futures saw prices slowly rally from $65.57/bbl at 12:30 BST up to $66.86/bbl at 18:32 BST (time of writing). In the news, US refiner Phillips 66 reported a larger-than-expected first-quarter loss due to lower refining margins and
High Sulphur Fuel Oil contracts saw continued strength over the past two weeks, reinforcing the market’s bullish attitude towards summer demand. The prompt 3.5% barge crack rallied up to -$1.25/bbl, while the 380 East/West (Sing 380 vs 3.5% barges) surpassed
The Jun’25 Brent futures contract saw prices fall off from $67.00/bbl at 07:02 BST down to $65.92/bbl at 11:38 BST (time of writing). In the news, the US Interior Department has introduced new rules allowing greater pressure differences in offshore
The Jun’25 Brent Futures contract saw prices rangebound between $67.00/bbl and $66.50/bbl for most of the afternoon before falling off to $65.95 at 17:09 BST. Prices have since climbed back to $66.52/bbl at 17:43 BST (time of writing). In the
The price volatility noted in the front-month Brent futures contract has calmed this week, with prices moving sideways. We saw some weakness on 23 Apr following reports of several OPEC+ members suggesting a second consecutive accelerated oil output increase in
The front-month Brent futures contract continues to see resistance above $68.50/bbl, hitting this level at 09:45 BST this morning before softening a touch to $68.10/bbl by 10:50 BST. Prices regained support here, rising to $68.30/bbl by 11:20 BST, but sell-side
Major propane benchmarks witnessed substantial weakness into April 2025 – with the weakness concentrated in the Far East propane Index (C3 FEI).
The front-month Brent futures contract saw a very volatile afternoon. Prices fell by $1.96/bbl down to $65.50/bbl at15:16 BST and jumped back up to $66.74/bbl at 17.30 BST (time of writing). The nearly $2.00/bbl drop comes as Kazakhstan stirs tensions
The front-month Brent futures contract continues to see resistance above $68.50/bbl, hitting this level at 09:45 BST this morning before softening a touch to $68.10/bbl by 10:50 BST. Prices regained support here, rising to $68.30/bbl by 11:20 BST, but sell-side
Jun’25 Brent futures softened in the early afternoon to sub-$66.70/bbl at 14:56 BST before it saw better strength. Although highs of over $68.00/bbl at 17:15 BST failed to be maintained, the contract corrected to $67.90/bbl at 17:22 BST (time of
The Brent/Dubai complex saw a bullish shift with May’25 Brent/Dubai surpassing -$1/bbl for the first time since mid-March. In contrast to flat price, differentials were unresponsive to OPEC+ speeding up its oil output hike. The bullish catalyst was Aramco cutting
The prompt-month Brent futures contract strengthened from $66.57/bbl at 06:55 BST this morning to $67.35/bbl at 11:00 BST before softening to $67.15/bbl at 11:25 BST (time of writing).
The front-month Brent futures contract saw more support this week, with prices climbing from $64.90/bbl on 15 Apr to a high of $68.15/bbl on 17 Apr before softening to $67.45/bbl at the time of writing. Prices notably rose above the
It was a week of de-risking and quiet in the Dated Brent crude oil benchmark amid the Easter break. The North Sea Dated Brent physical differential has been rangebound this fortnight, climbing from under $1.05/bbl on 4 Apr to nearly
The front-month Brent futures contract strengthened this morning, climbing from below $65/bbl around 04:45 BST to $66.75/bbl at 06:35 BST. Prices have since softened to $66.45/bbl at the time of writing (07:20 BST), although this still marks the highest level
