18 March 2025: 16:30 GMT
Brent felt spicy and made it all the way to above $72 this morning. But then slumped in the afternoon, while Trump and Putin were having a chat, and close at $70.78/bbl. Those two were having such a good time yapping they ran overtime and agreed to keep in touch. A match made in heaven? Eventually, it came out they had agreed to a ‘limited’ ceasefire, including a halt on strikes against energy and infrastructure for 30 days. All good for Putin, then: his refineries don’t get bombed and Ukraine gets no guns. And no foreign intelligence to Kyiv either! Russian state news agency Tass reported that they will also discuss an initiative to ensure safety of shipping in the Black Sea.
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.
