The Officials Benchmarks | Shutting up the shops Skip to main content

Shutting up the shops

Refineries and producers are slimming down their operations! Folks, it is getting nastier by the minute
Published: 12 March 2026
Written by:
Will Cunliffe

Will Cunliffe

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

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, The Officials
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 50
Share

Refineries and producers are slimming down their operations! Folks, it is getting nastier by the minute

Trump is willing to make sacrifices! As long as he can make them sound like a win. He’s willing to put up with high oil prices as it ‘makes the US a lot of money’ and because his bigger goal is destroying Iran. Khamenei junior came out with fighting talk too, vowing to fight on and keeping Hormuz in a tight headlock.

Premium Content

To continue reading this page, please login or subscribe now.

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.

About Euro Edition

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

More News

Through the roof

Edition: Euro EditionVolume: 3Issue: 58
Dated is roofing folks!
24 March 2026

Liquidity Report 2.12

Volumes continue to edge down on a weekly basis, but still higher year on year
24 March 2026

Lost the plot or got a plot?

Edition: Asia EditionVolume: 3Issue: 56
Trump likes moving the market the question is whether he's got a plan or not
24 March 2026