DUBAI MARKET REPORT
Stay ahead in Middle East crude with this premium report, providing flow-based analysis and insights to inform smart trading decisions.
Subscribe now
To subscribe to this series and more, please contact us.
Our reports are now published by The Officials, and accessible through the Flux platform. Login to Flux 4.0 to view them, or visit The Officials website to learn more and sign up to a free trial.
Latest
Dubai physical sentiment flips: Bal-Nov/Dec spread hits contango; Brent/Dubai rallies on short covering; downtrend seen resuming
Signs of life in the market
With WAF still overhung and clearing into Asia, we expect further Dated/Dubai buying in the front...
The Sound of Silence
Dubai quiet and range-bound, Nov/Dec spread flat at $3.66; Brent/Dubai falls to -$2.92; physical premium halves to $4.29/bbl.
As dry as a desert…
It was an extremely quiet week leading up to today. Over the past 4 days, we have really only seen the front Brent/Dubai move lower....
Accumulation
Poor liquidity in Dubai crude complex amid Chinese holiday; Brent/Dubai finds support at lows
Dubai’s 24-Hour Conviction Bug
Dubai spreads spiked on Chinese tender rumours, then faded; Brent/Dubai weakened as physical premiums also retreated.
Chop & Noise Precedes Noise & Chop
Dubai physical premium slips from $29.97 to $18.04/bbl; paper market thin and choppy amid low liquidity; Chinese selling, deferred rolling.
Fundamentals vs Financial Flows
Continued strength in Dubai crude given geopolitical escalations in the Middle East; however, downside is limited...
Bal-Royale
Dubai physical exceptionally strong, with Chinese buying and firm distillates driving bullish sentiment.
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.
The Big (Brent/Dubai) Short
Selling flows were concentrated in the Q4'26 region, and the bearish sentiment filtered into Sep'26....
ADNOC Shock
Dubai spreads strengthened, while Brent/Dubai fell amid mixed flows. Trade-house selling may cap gains, but $4 support could hold.
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.