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Red is the colour of the day

The market is getting crushed left and right folks!
Published: February 12, 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 Edition
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The market is getting crushed left and right folks!

Flat price is getting spanked! We are below $67.50/bbl. We told you there would be no boom boom in Iran. The stakes are too high and the price to severely damage Iran could be as high as – inter alia – a burning aircraft carrier and sky-high gasoline prices. Trump does not want either. And the longer-term pain would be anywhere between a loss in the midterms, where two-thirds of the votes go to the Democrats and a catastrophic reset to the Republican party. That would be spicy.

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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.

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

Will Cunliffe

Research Analyst, The Officials
Will Cunliffe

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett

About Euro Edition

Benchmark reports published at the end of the London trading day.

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