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I am so scared…NOT!

European bunkers are causing a scare but there’s slack in the system plus Trump is loving the US’ inflation!
Published: 10 June 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, The Officials
Will Cunliffe
and
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 110
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Middle Eastern oil is heading to Europe while European bunkers are causing a scare plus Trump is loving the US’ inflation!

Middle Eastern oil is coming to Europe! Iraqi, Emirati, Kuwaiti cargoes are all heading over, in the hands of several traders. These flows only happen rarely and the arb opportunity tends to snap shut very fast. That means Asia doesn’t want it! But European product stocks are dropping, and they need what they can get their hands on – more in the details! Trump opened his big mouth and shouted on Truth Social and in the Oval Office, saying Iran has taken too long and now “they will have to pay the price!!!” He didn’t even thank us for our attention to this matter but did spike Brent by a couple of bucks.

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The Officials publish outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.

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About Euro Edition

Benchmark reports published at the close of the trading day in London.

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