Will Cunliffe
Research Analyst, The Officials
Should we be alarmed?
Canada has some seriously ambitious pipeline aspirations, Germany’s car industry can’t catch a break as China continues to steal market shar
Canada has some seriously ambitious pipeline aspirations, Germany’s car industry can’t catch a break as China continues to steal market share, Europe’s non-oil energy system is coming under fire, and the US goods trade deficit has widened alarmingly quick.
This market is very nervy! The UAE released a phone alert about potential incoming missiles but sources in Dubai said this was a false alarm. Abu Dhabi sources also reported warnings. And there has been some drone activity in the Strait. Flat price spiked by a buck in just one minute, before collapsing straight back down a couple of minutes later. Prices are still responsive to war noise and escalation rumours. This ceasefire is fragile… At least the 22 Iranians detained by the US when it seized an oil tanker have been delivered to the Iranian embassy in Pakistan. The Dated Brent market is very fragile at the moment too. The physical differential remains anaemic at -78.5c, while today’s North Sea window was another soft one.
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.
We invite you to read our reports, which are published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.