28 April 2025: 16:30 BST
The lights are out! Moeve (formerly Cepsa) said it had halted operations at its Spanish refineries as they have no power to make them run. And Repsol had the same problem. You can’t even pay for anything! Contactless payment methods are apparently not working due to the power outage. Cash is king! People even got stuck on a rollercoaster. Carnage!
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.
