Independent oil-market intelligence & price reporting agency. 🛢️ Intelligence Platform Free Now: https://xitter.cf/t.co/PJw5pTmq4n

London
Joined December 2024
Free trial of The Officials on Flux Mobile To access: First sign up here: theofficials.onyxcapitalgrou… Then download and access through the Flux Mobile app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… A trader can't move the cargo first. The margin gets locked in derivatives and the oil moves after. We're standing where the lock happens, weeks before a ship tracker sees anything. The order book gives you the numbers. We give you the colour behind them. News, pricing, positioning data, reports, research alerts and much more, all in one place. #oott #brent #wti #oiltrading
1
2
6,716
26 October 2026, Volume 3, Issue 207 (Euro) Almost all quiet on the North Sea front... The prompt spread balloons leading up to expiry while the jet market gets stressed again! Read free here: theofficials.onyxcapitalgrou… Access free through the Flux Mobile app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… #OOTT #TheOfficials #Oil
1
7
616
C3 FEI: PDH demand returns 🧪 PDH operating rates in China have rebounded over the past couple of weeks, suggesting these plants are returning from scheduled maintenance. This could support FEI prices. 🧪 PDH margins were positive last week, although propane continues to get more expensive as a feedstock, with M1 FEI/MOPJ briefly positive today. This may eat into PDH margins as well going forward (making it important to monitor resistance in FEI) ⚠️ 💡 Still, flow-wise, FEI spreads remain net long, despite some liquidation w/w. Momentum is positive in the front spread, although we now inch closer to key resistance at around $58/mt with $60/mt above it. Alerts go here first: theofficials.onyxcapitalgrou… Get the app: (Apple) apps.apple.com/gb/app/flux-m… (Android) play.google.com/store/apps/d… #oott #LPG #petchem
1
1
509
PDH operating rates in China (chart data from JLC) #oott
344
The Officials MOC: Date 26/10/2026 Dated Brent Assessment: $129.835/bbl Physical differential: $8.01/bbl Key events: BP offers JS More free info here: theofficials.onyxcapitalgrou… Access through the app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… #OOTT #TheOfficials #Oil
2
1
9
1,045
26 October 2026, Volume 3, Issue 205 (Asia) Election madness begins in Brazil, while Middle Eastern prices soften and there are no major weekend bombings. Freight is still causing friction, spreading into the clean market... Read free here: theofficials.onyxcapitalgrou… Access free through the Flux Mobile app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… #OOTT #TheOfficials #Oil
1
4
824
A morning round-up from the intelligence feed... A source told The Officials their vessel is loading at Yanbu today despite the Houthis’ claimed attacks on Yanbu infrastructure. Basrah is the flavour of the day! IOC took 3 mil bbl from Totsa and Trafigura for mid-Dec delivery and Asian bunkers are still extremely tight. First posted here: theofficials.onyxcapitalgrou… Access through the Flux Mobile app: apps.apple.com/gb/app/flux-m… play.google.com/store/apps/d… 1. Vessel loading at Yanbu now, despite Houthi claimed attacks, indicating no operational damage to facilities. Satellite imagery from 25 Oct corroborates this. 2. IOC takes 3 mil bbl of Basrah, priced against Nov Dubai for Mid-Dec delivery: Basrah Medium 2 mil bbl from Totsa at Nov Dubai -$2.25/bbl, DAP Paradip Basrah Heavy 1 mil bbl from Trafigura at Nov Dubai -$7.20/bbl, DAP Mundra 3. Daily Bunkers: Singapore: HSFO $880-890/mt (edd 6 Nov), VLSFO $960-975/mt (edd 8 Nov), LSMGO $1,335-1,338/mt (edd 6 Nov) Port Klang: VLSFO $920-955/mt (edd 4 Nov); HSFO and LSMGO on firm enquiry only Pasir Gudang: no HSFO availability; VLSFO $940-965/mt (edd 2 Nov); LSMGO on firm enquiry only #OOTT #TheOfficials #Oil #tankers
1
4
1
11
1,453
The Officials MOC: Date 26/10/2026 Dubai Assessment: $115.74/bbl Physical premium: $6.87/bbl Key events: Mitsui, Vitol and Unipec declare Oman, BP declares Murban - all 4 to Trafi More free here: theofficials.onyxcapitalgrou… Access through the Flux Mobile app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… #OOTT #TheOfficials #Oil
8
895
📈📉 M1 Brent is correcting in overbought stochastics today, finding resistance at the upper boundary of the channel 🐄 The wider bullish trend is strong; ADX> 37 👀 Watch Q2'22 resistance at $113.75/bbl for possible support Alerts here first: theofficials.onyxcapitalgrou… Get the app: (Apple) apps.apple.com/gb/app/flux-m… (Android) play.google.com/store/apps/d… #oott #oil #naphtha
1
3
958
23 October 2026, Volume 3, Issue 206 (Euro) A nervous market rallies ahead of the weekend with elections looming... Brent breaks towards $120 but the North Sea goes quiet. Read free here: theofficials.onyxcapitalgrou… Access free through the Flux Mobile app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… #OOTT #TheOfficials #Oil
3
901
The Officials MOC: Date 23/10/2026 Dated Brent Assessment: $128.67/bbl Physical differential: $7.885/bbl Key events: BP offers JS Free info here: theofficials.onyxcapitalgrou… Access through the app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… #OOTT #TheOfficials #Oil
1
4
1
9
1,286
M1 NWE Naphtha Crk: support expected @ -$6.00/bbl Price declines have been floored by the -$6.00/bbl level, which was last a support level in early Oct'26. The past 2 sessions' daily candles have printed longer lower shadows below this level, reinforcing support here. Despite growing negative momentum, we are in a trendless market (see weak ADX). 🚨 While support is expected today @ -$6/bbl, a daily close below will open room to -$7/bbl. Alerts here first: theofficials.onyxcapitalgrou… & Get the app: (Apple) apps.apple.com/gb/app/flux-m… (Android) play.google.com/store/apps/d… #oott #oil #naphtha
1
1
989
^^ There is outright Nov'26 NWE crack buying vs Onyx, but the prompt spread has seen buying over the past week. Selling in the naphtha East/West will also likely pressure the NWE complex.
520
📉 Sing regrade (kero-Sing gasoil) prices slumping with buying likely profit-taking, and the market remaining short, overall... #OOTT Alerts here first: theofficials.onyxcapitalgrou… Get the app: (Apple) apps.apple.com/gb/app/flux-m… (Android) play.google.com/store/apps/d…
1
1
841
🧸 Shorts are taking profit, but prices are still falling , with bearish momentum increasing. 🧸 No fresh length added leaves regrade with little support, with prices softening and no reversal signals #OOTT Get the app: (Apple) apps.apple.com/gb/app/flux-m… (Android) play.google.com/store/apps/d…
533
The Peering Eye, The Shipping Publication: 23 October 2026 Lots of turnover at Fujairah, while Yanbu gets busier! But the Strait of Hormuz is still rather quiet... More free here: theofficials.onyxcapitalgrou… Download and access through the Flux Mobile app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… #OOTT #TheOfficials #Oil
2
856
23 October 2026, Volume 3, Issue 204 (Asia) The Saudis keep selling through tenders - some interesting prices... The US pulling out all the stops to get prices down but it's too late. Russian cargoes en route! Read free here: theofficials.onyxcapitalgrou… Access free through the Flux Mobile app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… #OOTT #TheOfficials #Oil
3
933
📉Buying the drop-J 🐮 Strong buying in the ‘27 Asian naphtha spreads this week with the front spreads pretty rangebound #OOTT Alerts here first: theofficials.onyxcapitalgrou… Get the app: (Apple) apps.apple.com/gb/app/flux-m… (Android) play.google.com/store/apps/d…
1
2
1,033
🐮 There was also strong buying in the Dec and Jan’27 E/W The E/W forward curve shifted down this week as weaker freight pushed weak length out of the front and MOPJ was sold outright #OOTT Alerts here first: theofficials.onyxcapitalgrou… Get the app: (Apple) apps.apple.com/gb/app/flux-m… (Android) play.google.com/store/apps/d…
2
484
The Officials MOC: Date 23/10/2026 Dubai Assessment: $116.90/bbl Physical premium: $8.12/bbl - unchanged Key events: Unipec declares Oman to Trafi, Glencore declares Murban to Trafi More free here: theofficials.onyxcapitalgrou… Access through the Flux Mobile app: apps.apple.com/gb/app/flux-m… / play.google.com/store/apps/d… #OOTT #TheOfficials #Oil
1
7
918