11 April 2025: 16:30 BST
Things are getting ugly, folks! Angola just got whacked with a $200 million margin call by JP Morgan. The landslide begins with small stones and ends with the whole mountain collapsing… Even so, Team Trump continues to insist that the tariff plan is going well and the economy will be bouncing once the teething problems pass. Yeah, right… US Energy Secretary, Chris Wright, is wearing a tin hat, oblivious to reality. He called the market’s panic “misplaced”. But listen to him and you’ll hear that the long-term oil demand growth outlook is unchanged – get your head out of the sand!
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.
