DATED BRENT REPORT
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Latest
We also saw a slew of offers in the 02-06 Nov CFD. The market was fairly net long in this region a few weeks ago...
Curve Mechanics
North Sea crude quiet as paper leads; 02-06 Nov weakest, 1-week roll down to $0.40; backend Nov rolls bid; upside correction eyed.
Mind the Gap
The Dated Brent physical strength collapsed last week. The paper market has been really gappy...
Toppy Turvey
Paper flows have been better offered in the Nov'26 DFL. We have seen selling in the 26-30 Oct and 02-06 Nov region amid expectations....
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....
Gung Ho For Midland
Quoting our benchmark publication, 'Totsa and Vitol are really going for it', aggressively lifting the back of the BFOETM curve....
October Melts in the Middle
Interestingly, the 05-09 Oct 3-week roll saw really strong offers, so keep an eye on this...
The Run Continues
Dated Brent physical diff soars from $3.40 to $8.82/bbl; Oct'26 DFL nears $10; strength concentrated in 05-09 Oct roll, no reversal in sight
Dated Dubai Lead-Lag
he current strength comes amid the backdrop of continued Middle Eastern geopolitical uncertainty, dominating conversations during APPEC....
The Sooner the Weaker…
The physical differential inches up with the weakness localised in the prompt weeks
Dated Gets Dragged
Midland dominates Brent trade as Exxon, Shell, Totsa lift cargoes; PetroIneos-Totsa deal sparks bounce, but Chinese selling pressures curve.
Monday Blues
Dated Brent structure capitulates as the front flips into contango; weakness absorbed by the 24-28 Aug CFD
Gone with the (un)wind
However, Sep'26 and Oct'26 DFL have been more resilient amid a Singaporean player buying the Sep'26 DFL in good size....