6 September 2024: 09:30 BST
There is only one mega star, Dubai! All other wanna be benchmarks must genuflect. Brent is getting left in the dust. In
the window today, Vitol and Gunvor were back to the frontlines and alongside Mitsui bid up Dubai way above Brent.
And Mitsui scored their first convergence, an Upper Zakum from Exxon. The European benchmark dropped to 33c
under Asia. These are not making any sense of course, as just a few weeks back Brent was as hot as a white star.
Remember the dated Brent squeezes?
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