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: $62.5-64/bbl Government shutdown to momentum shutdown Volatility is dropping, and M1 Brent futures hit firm resistance on 11 Nov as the contract met the 50-day moving average and downtrend line from late-September. The contract has continued
In the week ending 11 Nov, the M1 ICE Brent futures contract continued to follow the downtrend from the start of October, seeing a slightly weekly net improvement, from closing at $64.30/bbl on 04 Nov, to just over $65.00/bbl on
The Jan’26 Brent futures contract has risen this morning, from $63.70/bbl at 07:00 GMT to $64.43/bbl at 10:00 GMT (time of writing). According to LSEG data, loadings have resumed at Russia’s Novorossiysk port on Sunday, following a two-day suspension due
The Jan’26 Brent futures contract rose this afternoon, from $63.70/bbl at 13:30 GMT to $64.60/bbl at 16:00 GMT (time of writing). In the news, Reuters has reported that Russia’s Saratov oil refinery (capacity 147kb/d) has halted operations following Ukrainian drone
The Jan’26 Brent futures contract initially softened to $63.60/bbl at 08:55 GMT but met support here and climbed above $64/bbl, sitting at $64.55/bbl at the time of writing (10:30 GMT). Russia’s Black Sea port of Novorossiysk curtailed its oil exports
The Jan’26 Brent Futures contract fell this afternoon to $63.02/bbl at 16:06 GMT, before recovering to $63.30/bbl at 16:59 BST. At 17:30 BST (time of writing) prices had softened to $63.15/bbl. In the news, Lukoil faces US sanctions pressure, forcing
The US government shutdown is finally over! Everyone, mind your manners and say welcome back; the journey was not easy. It has been 43 tense days, and the Democrats will be tending to their wounds for the time being. As
The HSFO market has been under pressure over the fortnight, although both regions continue to hold at, or near, seasonal highs. The Dec’25 3.5% barges crack fell from -$3.20/bbl to around -$5.10/bbl by mid-November but remains at seasonal highs. Open
The Jan’26 Brent futures contract saw a little support in the early morning, from $62.34/bbl at 01.11 GMT, to $62.80/bbl at 07.10 GMT. The contract has softened since, to $62.50/bbl at 09.21 GMT (time of writing). The API reported a
In the week ending 11 Nov, the M1 Brent futures contract traded down to $62.84/bbl on 06 Nov before meeting support and rising to $65.29/bbl on 11 Nov. Prices were initially pressured by growing concerns of an oil surplus. However,
The Jan’26 Brent futures contract slipped this afternoon, from $64.50/bbl at 13:00 GMT to $62.80/bbl at 16:30 GMT (time of writing). In the news, an OPEC report has forecast that global supply in 2026 will match demand, marking a shift
London, Monday 10th November 2025 – Flux News is proud to announce the appointment of veteran TV and Radio journalist, Lisa Aziz, as the official Host of Flux News, bringing her unparalleled broadcasting experience to the network’s flagship programming. With
The Jan’26 Brent futures contract has seen lower highs this morning, from $65.12/bbl at 01.03 GMT to $64.60/bbl at 09.37 GMT (time of writing). The International Energy Agency’s 2025 World Energy Outlook projects that global oil and gas demand could
The Jan’26 Brent futures contract rose this afternoon, from $64.45/bbl at 13:00 GMT to $65.28/bbl at 17:00 GMT (time of writing). According to Reuters, Chinese refinery Yanchang Petroleum (capacity 348kb/d) is seeking non-Russian oil in its latest crude tender for
The past few sessions were a calamity for North Sea crude bulls, as the physical differential collapsed towards -$0.80/bbl, the lowest level since May 2024. Falling by 80c in a session, Vitol, which previously was the main buyer, flipped short,
