Nov’25 Brent futures was fairly rangebound on Friday morning, trading in a 40c range between $67.40 and $67.80/bbl. In the news, Indian refiners, including IOC, BPCL, and Reliance, sharply increased US WTI crude purchases in August on competitive pricing, with
Oct’25 Brent futures failed to surpass the $68/bbl level on Thursday afternoon, dropping to lows of $67.40/bbl. Ultimately, prices have traded within a $1 range over the past day. Prices are being buoyed by the 100-day moving average, with $69/bbl
Crude prices have entered their late-summer lull, and market participants seem fairly content with prices in the upper $60s. The geopolitical temperature rose at the end of last week and the start of this week as Russia and Ukraine intensified
The naphtha market has seen great support this fortnight. The market has been really thin, and there have been a few fundamental support narratives. There has been some support in the market following the news of drone strikes at Russia’s
The Oct’25 Brent Futures contract fell to $67.47/bbl at 09:47 BST before rallying up to $67.75/bbl at 10:09 BST. Prices then jumped up to $67.86/bbl at 10:10 BST (time of writing). In the news, Volatility surged in China’s crude and
In the week ending 26 Aug, the M1 (Oct’25) Brent futures contract saw an uptrend in prices from $66 to $69/bbl. The contract saw better support as traders anticipated more US sanctions on Russian oil, as well as supply tightness
The Oct’25 Brent Futures contract initially rallied to $67.89/bbl at 15:34 BST before falling to $67.39/bbl at 16:22 BST. Prices have since bounced back to $67.83/bbl at 17:15 BST (time of writing). In the news, Russia launched a major drone
The propane complex has seen oscillatory price action and mixed sentiment, exacerbated by choppy crude prices. FEI/CP was buoyed by higher crude, as Sep’25 surpassed $20/mt, while Q4’25 rose from -$4 to $8/mt over the fortnight. FEI/MOPJ sold off in
The Oct’25 Brent futures contract has been rangebound between $66.90/bbl and $67.30/bbl this morning, now sitting at $67.08/bbl at the time of writing (12:00 BST).
There has been relentless selling in Brent/Dubai this fortnight – Not just in the front, but a huge amount of selling in the Q1 and Q2’26 differentials too. At the same time, there has been a lot of buying in
M1 Brent futures rose from $65.60/bbl on 19 Aug to $69/bbl, before easing to $67.30/bbl on 26 Aug. The Ichimoku lag line briefly attempted to break above but failed and slipped below cloud support, opening room for further downside. Immediate
The Oct’25 Brent Futures contract initially rallied to $68.23/bbl at 15:37 BST before falling to $67.36/bbl at 16:07 BST. Prices have since fallen further to $67.26/bbl at 17:30 BST (time of writing).In the news, PetroChina has proposed a $5.59 Bn
The North Sea physical differential reached a high of $0.70/bbl before falling to $0.49/bbl towards the end of the week. On 22 Aug, BP and Total were on the sell side of WTI Midland. Meanwhile, Gunvor and Petroineos offered Forties.
The Oct’25 Brent Futures contract has seen a weak morning, trading down from around $68.50/bbl to $67.69/bbl, where it prints at the time of writing (11:25 BST). In headlines Indian refiners are expected to trim near-term Russian oil purchases as
Oct’25 Brent futures rose over $68.00/bbl this morning, reaching $68.21/bbl at 11.11 BST but softening to $68.13/bbl at 11.23 BST (time of writing). Sinopec, China’s biggest refiner, will cut refining throughput for a second year as gasoline and diesel demand
