12 November 2024: 16:30 GMT
Wishful thinking continues to run amok. All the grandees in the consulting and oil forecasting world are so wrong that it is not even funny, but yeah, we will chuckle. 😊 Nothing compares to sending people to the ground for them to sniff and report back. And yes, The Officials and Onyx personnel have been on the ground meeting Chinese companies in Beijing more recently and talking to oil folks and people on the ground. And an NOC employee almost joined us on the Beijing trip. DEMAND IS DOWN! Please folks, allocate some budget for the foreign travel into China, see it and detect the changes.
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.
