02 January 2025: 08:30 GMT
Welcome to Volume 2 of The Officials! 2024 was a big year for us, establishing our report and adding numerous key benchmarks, even branching out into crypto and launching our own dollar index – the ODX Asia™. Expect more exciting things in 2025, including our upcoming price discovery for Dated Brent and additional commodities, to be revealed… With a New Year, do Brent futures have a new lease of life? Asia opened up and pushed us over the $75/bbl mark for the first time since 25 November. Content with a hard day’s work, Asia gradually eased off through the rest of the session, with Brent eventually closing at $74.77/bbl. However, the foray above 75 laid the foundations for Europe to fire flat price towards $75.70/bbl at around 10:00 GMT. The mid-70s are back – we just hope the hairstyles don’t come back too.
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.
