The Dec’25 Brent futures contract gapped up by nearly $2 from Friday’s close ($62.15/bbl), reaching $63.93/bbl at 11:00 BST (time of writing). In the news, US President Trump announced a 100% tariff on Chinese imports late Friday night to come
The Dec’25 Brent futures contract dipped this afternoon, to $63.29/bbl at 14:20 BST before finding support to reach $64.16 at 16:00 BST. Prices then softened to $63.11/bbl at 17:00 BST (time of writing). In the news, US President Trump via
The Dec’25 Brent futures contract dipped this morning, from $65.31/bbl at 02:00 BST to $64.51/bbl at 11:00 BST (time of writing). In the news, the BBC reported that Israel has approved the initial phase of a Gaza ceasefire deal. While
The Nov’25 3.5% barge crack rallied this week, but hit resistance at -$4.00/bbl on 08 Oct, from -$5.95/bbl on 01 Oct. Prices then corrected to -$4.90/bbl on 09 Oct at the time of writing. Flux Insight’s counterparty data shows that
The Dec’25 Brent futures contract rose this afternoon, reaching $66.45/bbl at 14:00 BST before softening to $65.61/bbl at 17:30 BST (time of writing). In the news, local Russian media has reported that drones allegedly attacked an oil depot in Russia’s
We are on track for a weekly gain! And if that’s not exciting, go and read some widely publicised media about the incoming glut, which is already heading to or already in offshore storage. Gloom is not limited to the
This week in Brent, we anticipate money managers to trim length while adding to their shorts. Producers/merchants are expected to de-risk. Money managers are expected to trim length and add to shorts in both gasoil futures and RBOB. However, in
The Dec’25 Brent futures contract has risen this morning, from $65.74/bbl at 03:30 BST to $66.56/bbl at 10:00 BST before softening to $65.90/bbl at 11:30 BST (time of writing). In the news, US President Donald Trump announced that Israel and
The Dec’25 Brent futures contract initially dipped this afternoon, reaching $65.85/bbl at 15:40 BST before finding support and rising to $66.52/bbl at 17:00 BST (time of writing). In the news, Russian Deputy Prime Minister Alexander Novak stated that Russia has
Asian LPG markets remained weak into early October, extending the bearish tone seen through late September. The front FEI spread slipped further into contango, with the Nov/Dec structure falling from -$1.50/mt on 26 Sep to around -$9.50/mt on 08 Oct,
The Dec’25 Brent futures contract rose this morning, from $65.87/bbl at 02:00 BST to $66.08/bbl at 11:30 BST (time of writing). In the news, Reuters have reported that the Indian Oil Corporation have begun paying Russian oil traders in Chinese
The Dec’25 Brent futures contract dipped this afternoon to $65.25/bbl at 14:00 BST before finding support and rising to $65.26/bbl at 17:00 BST. In the news, tanker freight rates for shipping Russian Urals crude to India has risen in late
Dated Brent Report – Steady, Steady
Following the rally at the end of September, the Dated market has consolidated over the fortnight. The physical differential remains above $0.90/bbl, although it has ticked down over the past few days. The market
M1 Brent futures sold off to lows of $64/bbl over the past week, the lowest level for a prompt contract since May. This week, prices have increased to the $65/bbl level. On the upside, the 20-day moving average at $67/bbl
The Dec’25 Brent futures contract dipped this morning from $65.83/bbl at 07:35 BST to $65.16/bbl at 10:00 BST (time of writing). In the news, China is set to add 11 new oil reserve sites in 2025 and 2026, with a
