29 December 2025: 08:30 GMT
The market last week had priced a ‘successful’ meeting between the Donald and Zelensky and the oil price tanked. Anybody sensible that read the Ukrainian counter proposal to the original proposal would have concluded that the Russian and Ukrainian positions are incompatible. But the market thought otherwise. Dumb market we say.
The meeting was predictably a waste of time and the war carries on and the price surged again! Even if T and Z agree 90% on the 20 points plan, there’s one very important absentee – Putin! It’s very well agreeing terms with your supporters and financers, but it’s the enemy you’ve really got to convince…
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.
