The Jan’26 Brent futures contract eased this morning, from $62.75/bbl at 07:00 GMT to $62.02/bbl at 10:00 GMT (time of writing). According to Reuters calculations, Russian state oil and gas revenues are expected to decline by roughly 35% m/m in
In the week ending 18 Nov, the M1 ICE Brent futures contract saw little to no change, dropping from closing below $65.05/bbl on 11 Nov to a low of $62.35/bbl on 13 Nov and rose to close at $64.92/bbl on
The Jan’26 Brent futures contract eased this afternoon, from $63.05/bbl at 13:15 GMT to $62.31/bbl at 17:00 GMT (time of writing). In the news, discounts for Russian Urals crude at Indian ports have tripled since August compared to Dated Brent,
The Jan’26 Brent futures contract has fallen this morning, from $62.83/bbl at 06:35 GMT to $62.29/bbl at 10:00 GMT (time of writing). In the news, a Bloomberg report has stated that US sanctions on Russian oil majors Lukoil and Rosneft
Europe is frozen! In contrast to the US government, which is back in action and is drip-feeding the market with months-old data. Data scheduled to be released on 07 Oct showed that the US trade deficit decreased 23.8% to $
The front-month Brent futures contract dropped from $64.35/bbl at 15:50 GMT to $63.90/bbl at 16:20 GMT before easing further to $63.15/bbl at the time of writing (17:08 GMT). Ukrainian President Volodymyr Zelenskyy has reportedly agreed to work on the US’
In the week ending 18 Nov, the M1 Brent futures contract traded down from $65.03/bbl on 11 Nov to $63.16/bbl on 13 Nov. Prices found support here, rising to $64.92/bbl by the week’s close. Initial pressure in the contract was
The Jan’26 Brent Futures contract rallied all morning from $63.53/bbl at 07:22 GMT to $64.25/bbl at 10:21 GMT (time of writing). In the news, China’s crude oil imports stayed high in October, with record purchases from suppliers like the UAE,
he Jan’26 Brent futures contract has risen this afternoon, from $62.91/bbl at 15:00 GMT to $63.59/bbl at 16:15 GMT. Prices have since eased to $63.34/bbl at 17:00 GMT (time of writing). In the news, Deputy Prime Minister Alexander Novak has
The international propane market has strengthened over the past fortnight. The front spreads in FEI and CP climbed out of contango for the first time in months. Dec’25 FEI strengthened to about $510/mt, with the M1/M2 spread flipping into backwardation
The Jan’26 Brent futures contract rose from $64.51/bbl at 01.09 GMT to an early morning high of around $64.84/bbl at 05.53 GMT, before it saw lower highs over the morning and was around $64.42/bbl at 10:15 GMT (time of writing).
The North Sea physical differential has remained pressured over the past week. The physical sank to a low of below -$1/bbl amid significant sell-side interest, with Vitol at the helm of this ship.
It has been an extremely quiet week in Brent/Dubai, with risk appetite extremely low. The basic structure of the market has changed very little week by week. Volumes have dropped off again since our last report on 11 Nov, and
The Jan’26 Brent futures contract eased this afternoon, from $64.25/bbl at 14:00 GMT to $64.01/bbl at 16:45 GMT (time of writing). In the news, Reuters has reported that Rosneft’s Ryazan oil refinery (capacity 340kb/d) has halted its crude processing after
The M1 RBOB crack (SwSw) rallied from $16.10/bbl on 11 Nov to $17.73/bbl on 12 Nov and dropped to $16.30/bbl on 18 Nov at the time of writing
