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DUBAI MARKET REPORT

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Brent/Dubai Slip ‘N Slide

Dubai premium jumps to $15.81 as Chinese buying dries up offers; Brent/Dubai crashes below $2 amid heavy selling; desk stays bearish.
1 September 2026

The Big (Brent/Dubai) Short

Selling flows were concentrated in the Q4'26 region, and the bearish sentiment filtered into Sep'26....
25 August 2026

ADNOC Shock

Dubai spreads strengthened, while Brent/Dubai fell amid mixed flows. Trade-house selling may cap gains, but $4 support could hold.
18 August 2026

Who Hit The Mute Button?

Dubai structure remains bid but range-bound, with strong Balmo and physical premiums offset by weak buying momentum and muted flows.
11 August 2026

Open Interest, Closed-off Sentiment

Open interest in the Sep'26 Brent/Dubai contract surges above all-time highs, but liquidity is poor, with low volumes driving price action..
4 August 2026

Red Sea Blues

Despite the bullish headlines, Saudi oil continues to flow, keeping the bullish Dubai sentiment in check...
28 July 2026

You Could Hear a Pin Drop

Dubai rebounded after a sharp sell-off. Brent/Dubai strengthened on geopolitics, though higher prices have seen buying fade.
21 July 2026

Open Hormuz, Close Hormuz

Renewed US-Iran hostilities lift front Dubai spreads out of contango; selling flows focused in Q4 Brent/Dubai
14 July 2026

Hedge Of The Day

Brent/Dubai remains largely rangebound with no dominant market axe; Dubai spreads in deep contango
7 July 2026

Oil’s Quiet on the Eastern Front

We're currently nearing the bottom of recent ranges in the M1 Brent/Dubai, which makes it critical to monitor prices.....
30 June 2026

It’s Almost Too Quiet In Here…

Dubai stayed rangebound as EFS buying offset selling; contango and short pressure support upside in Brent/Dubai.
23 June 2026

The Pressure of Impending Peace

Dubai collapsed on US-Iran peace hopes, while producer buying and short covering drove Brent/Dubai higher.
16 June 2026

Dramatic Crossroads

Brent/Dubai rebounds to $5.50/bbl amid hedge buying flows on ADNOC tender; backend Brent/Dubai remains well offered
9 June 2026