DUBAI MARKET REPORT
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Latest
Going into pricing, the physical support coincided with sudden strength in prompt Dubai spreads..
Back to December (2022)
M1 Brent/Dubai surpasses $5/bbl; good buying interest in screen and OTC; Brent/Dubai open interest stagnates
To Catch A Breakout
Bullish Brent/Dubai intact; deferred Dubai buying supports spreads, but front-end Brent/Dubai seen catching up higher.
Sluggish Dubai
Dubai crude choppy on Iran talks; front Brent/Dubai sold, deferred bid; physical premiums rebound despite thin liquidity
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
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...
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
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....
Either/Or
Iran war risk lifts Dubai crude oil spreads; physical tight, Brent/Dubai volatile with mixed flow, near-term buying strong
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
Better Safe Than Sorry
Brent/Dubai weak front, spreads firm on geopolitics; volatility easing as hedging flows rise and producers ease selling activity.
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....
Supply Shock Shockwaves
Changes to the Dubai benchmark, strong Brent spreads and huge volatility