19 March 2025: 08:30 GMT
They’re straining and fighting! The shorts and longs battle over the $70 line, biceps bulging. Brent’s battling!
Who will win in the latest long/short battle over in Dubai? The Chinese or Vitol? Want to take sides or just watch… We’re breaking out the popcorn and fizzy drinks to enjoy the screening of this blockbuster! By our counting, there have been 16 convergences in Dubai so far in March. Remember in February there were only 3 in total! And 15 of these have gone to Vitol – more than one per trading day this month so far. Gunvor picked up the other cargo.
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.
