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Chop & Noise Precedes Noise & Chop

Dubai physical premium slips from $29.97 to $18.04/bbl; paper market thin and choppy amid low liquidity; Chinese selling, deferred rolling.
Published: September 22, 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 complex appears to have met its ceiling, with the Oct/Nov’26 Dubai swap spread falling from its all-time high of $7.26/bbl on 14 Sep to $4.56/bbl as of the time of writing on 22 Sep.

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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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