24 February 2025: 16:30 GMT
The day is upon us. The Officials are delighted to offer the latest addition to the Benchmark Publication – our very own Dated Brent assessment. Today Dated Brent was assessed at $74.60/bbl. In the physical, the window was soft… again… The flow of Midland continues unabating. Mercuria, Exxon, BP and Unipec were all trying to flog the stuff. After persistent lowering from Mercuria, Petroineos snapped up a ripe CIF midland at Dated plus $0.80 for 8-12 March. Cepsa also lifted Exxon for a 18-22 March Midland at Dated plus $1. Mercuria was offering Forties, at -10c, but no one showed interest.
In ‘The Officials’, Onyx Capital Advisory publishes 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 will initially be 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.
