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DUBAI MARKET REPORT

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Latest

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....
13 October 2026

Accumulation

Poor liquidity in Dubai crude complex amid Chinese holiday; Brent/Dubai finds support at lows
6 October 2026

Dubai’s 24-Hour Conviction Bug

Dubai spreads spiked on Chinese tender rumours, then faded; Brent/Dubai weakened as physical premiums also retreated.
29 September 2026

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.
22 September 2026

Fundamentals vs Financial Flows

Continued strength in Dubai crude given geopolitical escalations in the Middle East; however, downside is limited...
15 September 2026

Bal-Royale

Dubai physical exceptionally strong, with Chinese buying and firm distillates driving bullish sentiment.
8 September 2026

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