Flux Markets | Red Sea Blues Skip to main content
Our reports have now moved onto our Flux platform. Existing customers can Login to Flux for access, or visit The Officials to sign up for free trial access.

Our reports are now published by The Officials, and accessible through the Flux platform. Login to Flux 4.0 to view them, or visit The Officials website to learn more and sign up to a free trial.

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
Share

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...

Premium Content

Our reports are now part of The Officials, and available exclusively on the Flux platform. Existing customers can Login to Flux to access them, or you can visit The Officials to sign up for free trial access.

Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Vincent Wu

Research Associate, Flux
Vincent Wu

About Dubai Market Report

Stay ahead in Middle East crude with this premium report, providing flow-based analysis and insights to inform smart trading decisions.

Related News

Holding the Fort

We have seen a shift in paper flows otherwise, with notable selling in the 19-23 and 26-30 Oct vs Cal Nov rolls....

Brent recovers from below $100/bbl, UKMTO reports attack on tanker transiting outbound Hormuz

Russia's Volgograd refinery (280kb/d) reportedly halted its crude processing on 02 Oct, while Russia has reported that it hit a tanker....

Accumulation

Poor liquidity in Dubai crude complex amid Chinese holiday; Brent/Dubai finds support at lows

Brent falls to $98 as rising Mideast exports weigh on sentiment

Brent falls to $98 as rising Middle East exports ease supply anxieties; South Africa gasoline prices hit record high