Will Cunliffe
Research Analyst, The Officials
Asia July Monthly Report
July was a weird month; initially we clung to a fragile MoU. It ended in hostile exchanges except this time the war zone has spread...
July was a weird month; initially we clung to a fragile MoU. It ended in hostile exchanges except this time the war zone has spread...
July was an odd month. We entered it clinging to the remnants of the MoU like a disintegrating lifeboat in briefly becalmed stormy waters, while the US and Iran eyed each other warily. The crude market began the month extremely weak, with flat price down in the low-$70s, at its weakest since the war started. The curve was also extremely flimsy, in contango at the front – the Sep/Oct Brent spread dropped as low as -50c in the first couple of days – but rallied in the latter half. The prompt spread even hit $7 on 24 July!
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We invite you to read our reports, which are 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.
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About Asia Edition
Benchmark reports published at the close of the trading day in Asia.
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