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ADNOC Shock

Dubai spreads strengthened, while Brent/Dubai fell amid mixed flows. Trade-house selling may cap gains, but $4 support could hold.
Published: August 18, 2026
Written by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
and
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
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The Dubai market has strengthened this week, with the Sep/Oct’26 Dubai spread rising from $1.50/bbl on 11 Aug to $3.23/bbl as of the time of writing on 18 Aug.

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Written by

Donna Dong

Research Analyst, Flux
Donna Dong

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

About Dubai Market Report

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