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DUBAI MARKET REPORT

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Du-buy Partials

Going into pricing, the physical support coincided with sudden strength in prompt Dubai spreads..
2 June 2026

Back to December (2022)

M1 Brent/Dubai surpasses $5/bbl; good buying interest in screen and OTC; Brent/Dubai open interest stagnates
26 May 2026

To Catch A Breakout

Bullish Brent/Dubai intact; deferred Dubai buying supports spreads, but front-end Brent/Dubai seen catching up higher.
19 May 2026

Sluggish Dubai

Dubai crude choppy on Iran talks; front Brent/Dubai sold, deferred bid; physical premiums rebound despite thin liquidity
12 May 2026

Playing the Quiet Game

Brent/Dubai rose on hedging flows, then retraced on low volume; Dubai lagged, spreads steadier, and weak liquidity softened physical premium
5 May 2026

OPEXIT

In a move that wasn't very United of the United Arab Emirates, the nation announced it was quitting OPEC, highlighting the rising discord...
28 April 2026

The Oil Must Flow

Dubai crude sees bearish turn on ceasefire news; diverging flow between front and back-end Brent/Dubai; Dubai spread buying at $1/bbl
21 April 2026

Taking a Toll

The long-awaited de-escalation in the Middle East was finally seen overnight on 07 Apr, as US President Donald Trump announced a cease....
14 April 2026

Either/Or

Iran war risk lifts Dubai crude oil spreads; physical tight, Brent/Dubai volatile with mixed flow, near-term buying strong
7 April 2026

Price and Prejudice

Extreme volatility amid poor liquidity in Brent/Dubai with Apr'26 seeing a $10 swing over the week; all eyes on the first window of April
31 March 2026

Better Safe Than Sorry

Brent/Dubai weak front, spreads firm on geopolitics; volatility easing as hedging flows rise and producers ease selling activity.
24 March 2026

Mind the (Sweet v Sour) Gap

The past week saw continued physical support in Dubai crude, with the Balmo Dubai spread rallying from $27/bbl to flirt with $50/bbl w/w....
17 March 2026

Supply Shock Shockwaves

Changes to the Dubai benchmark, strong Brent spreads and huge volatility
10 March 2026