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Red Sea Blues

Despite the bullish headlines, Saudi oil continues to flow, keeping the bullish Dubai sentiment in check...
Published: July 28, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
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The M1 Brent/Dubai fell from above $6/bbl last week to a low of $3.80/bbl on 23 Jul (Thursday), exacerbated by a rush to buy Dubai partials amid ongoing disruptions in the Red Sea and ADNOC postponing its crude deliveries...

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Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Vincent Wu

Research Associate, Flux
Vincent Wu

About Dubai Market Report

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