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DUBAI MARKET REPORT

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Supply Shock and Roll

War news jolts Brent/Dubai; Platts Gulf changes hit spreads. Dubai strong front-month, but April hinges on conflict duration.
3 March 2026

New (Lunar) Year, New Dubai

Although we see good buying in Q2'26 and Q3'26 Brent/Dubai, flows in the front remain choppy amid an increasingly indecisive market...
24 February 2026

Tumbleweeds…

Thin trade; Brent/Dubai rangebound, balanced supply/demand; no clear catalyst.
17 February 2026

Liquidity Desert

Brent/Dubai trends lower as funds and majors sell, but the outright and boxes reverse higher this week amid low liquidity and profit taking.
10 February 2026

Brave New Dubai

Another week, another sudden reversal in Brent/Dubai! Last week, the Mar'26 Brent/Dubai remained sticky at the $0.85/bbl level, although....
3 February 2026

Sentimental Swings

The Brent/Dubai market shifted from moving sideways between $0.20-0.40/bbl until 22 Jan, when Dubai spreads began coming off on screen.....
27 January 2026

Stop-out City

In a Sisyphus-like twist, the M1 Brent/Dubai contract’s climb towards $1.50/bbl was met with a sharp roll-back on 14 Jan.....
20 January 2026
Oil tanker

Brent/Dubai to 15-Month Highs

Brent spreads surge as Dubai stays weak. Brent/Dubai box hits Oct ’24 highs, strong buying persists, curve well bid, trend entrenched short
13 January 2026
Oil tanker

New Year Res-oil-utions

A bearish start to the year
6 January 2026