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DUBAI MARKET REPORT

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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

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