Brent Trades in $64/bbl Handle
Mar’26 Brent traded in $64/bbl. Lukoil asset sale deadline extended, Dardanelles reopened, US manufacturing data
4 page report
New Year Res-oil-utions
A bearish start to the year
Published: January 6, 2026
page report
It has been an extremely bearish start to the year for the Dubai crude complex, with the forward curve flirting with contango the entire time. The monthly Dubai spreads have weakened to -10c/bbl at one point, but seems unable to sustain the contango structure.
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