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Up-Dated Supplementary Report – A Crude Display of Strength

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A stunning sunset photo showcases offshore oil drilling in Huntington Beach, California, with vivid hues casting a glow on industrial equipment

Market Update

The Dated market entered July on a strong note, with the Bal-July DFL shooting up above $1/bbl. Brent spreads also continue to be elevated, with the Sep/Oct futures spread briefly shooting above $0.90/bbl on 01 July before retracing lower to $0.85/bbl.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.