The Jan’26 Brent futures contract traded rangebound this afternoon, from highs of $64/bbl at 12:30 GMT to lows of $63.50/bbl at 16:00 GMT. Prices are at $63.58/bbl as of 17:30 GMT (time of writing). In the news, Reuters reported that
The Jan’26 Brent Futures rallied from $63.82/bbl at 08:30 GMT to $64.37 at 10:17 GMT. Prices then fell to $64.13/bbl at 10:33 GMT (time of writing). In the news, Gunvor has withdrawn its $22 Bn bid for Lukoil’s international business
The Jan’26 Brent futures contract weakened this afternoon, from $64/bbl at 13:00 GMT to $62.98/bbl at 17:00 GMT (time of writing). In the news, Reuters reported that Lukoil’s Volgograd refinery has halted operations after a Ukrainian drone attack in the
“On a scale of zero to 10, with 10 being the best, I would say the meeting was a 12” as Trump made his admiration for Chinese President Xi Jinping very clear last week. There was to be no Halloween
The Jan’26 Brent Futures contract rallied this morning to $64.33 at 09:30 GMT before softening to $63.88/bbl ay 10:30 GMT (time of writing). In the news, India’s Reliance Industries is attempting to re-sell some Middle Eastern crude oil it recently
In the week ending 4 Nov, the M1 Brent futures contract traded relatively rangebound between lows of $64.05/bbl (29 Oct) and highs of $65.30/bbl (4 Nov). Over the weekend, OPEC+ announced a modest output increase of 137kb, along with a
The international propane market has seen weakness this week. Despite the initial pre-tariff meeting optimism supporting C3 FEI, the Dec’25 C3 FEI fell from a high of $526.50/mt on 30 Oct to $490/mt at the time of writing.
The Jan’26 Brent futures contract initially rose this afternoon, from $64.10/bbl at 14:00 GMT to $64.67/bbl at 16:00 GMT. Prices met resistance here, easing to $63.71/bbl at 17:00 GMT (time of writing). In the news, Serbian President Aleksandar Vucic has
The Jan’26 Brent Futures contract rallied all morning to $64.91/bbl at 10:50 GMT (time of writing). In the news, Russia’s Black Sea port of Tuapse has suspended fuel exports and its local oil refinery stopped processing crude after Ukrainian drone
The Jan’26 Brent futures contract rose this afternoon, from $63.93/bbl at 14:00 GMT to $64.55/bbl at 17:00 GMT (time of writing). In the news, a Reuters survey shows that OPEC’s oil output increased by 30kb/d m/m in October, although the
November has arrived, and things feel tentative in the North Sea market. The glut has not materialised yet in the physical market, with physical differentials strengthening from negative to above $0.50/bbl over the past week. Energy executives at the ADIPEC
The Dubai market has told a tale of two parts this week. By the end of last week…
M1 Brent futures trended down from $63.55/bbl on 14 Oct but failed to reach $60/bbl on 17-20 Oct. The contract then inched up to $61.30/bbl at the time of writing on 21 Oct. Still, the 10-day moving average (orange line)
The front-month (Jan’26) Brent futures contract weakened from the $64/bbl handle this morning to sit at $63.85/bbl at 10:11 GMT, where it met….
October proved to be a more volatile month for crude, where flat price saw a stunning reversal in late October just as Brent was on the cusp of falling below $60. A dose of shock was injected into the market,
