Will Cunliffe
Research Analyst, The Officials
Euro July Monthly Report
What an eventful month...again!
What an eventful month...again!
July had its moments. Brent hit 100 bucks, following Trumps ill fated resumption of an unwinnable war. You gotta give it to him for his persistence in draining out America's missile inventory. He won't be happy until there is no more. He also chose a time when oil stocks are the lowest ensuring the nice pop in prices we all experienced. We are all consumers so not too happy about that. His actions drew in the Houthis ensuring that not only one strait was imperiled but two! A few Saudi refineries and installations also got it on the neck. So, is the world better off after Trumps's round three? You tell me.
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.
Written by
About Euro Edition
Benchmark reports published at the end of the London trading day.
More News
Groundhog day
Edition: Euro EditionVolume: 3Issue: 153
Tensions rise again, the Artic is an ace card for Russia and China and The Officials saw a job advert for seafarers to transit the Strait...
The Strait’s real toll
Edition: Euro EditionVolume: 1Issue: 152
Libya is back in the oil game, Dangote is flooding Europe with jet, the US blockade is effective but their nonfarm payrolls missed big time.
Not off the boil yet
Edition: Asia EditionVolume: 3Issue: 150
The war is far from over, ADNOC is on a ship-buying spree, US imports of Saudi crude hit zero and China's trade performance remains strong.