Will Cunliffe
Research Analyst, Flux
Dubai finds its pulse!
The first positive physical premium for 2026 comes with the first convergence of the month in Dubai window!
The first positive physical premium for 2026 comes with the first convergence of the month in Dubai window!
Finally, some positivity in Dubai, and of course with the Brent flat price rising to $64.50 and who knows, beyond! For the first time this year, the Dubai physical premium escaped contango, assessed at 1c today! Some traders are pointing to turnarounds as a reason for Dubai’s early year weakness, looking ahead to spring maintenance in Asia which should hurt demand.
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