Bloomberg is the macro. This is the layer underneath it: the trading floors, the rumours attached to specific cargoes and specific counterparties, and the positioning behind a move while it is still being put on. You are meant to run both.
Nothing is unobtainable. We ask what is happening regardless of how large or uncomfortable the counterparty may be: the questions others are too careful to put.
Sources talk to us because we bring information worth trading back. The network compounds: every exchange makes the next one more valuable.
Journalistic training combined with market-making expertise, taught inside a market-making operation by a forty-year veteran. Access is useless if you cannot interpret it.
We gather aggressively. That is the job. Then everything gets tested: against the flow on the floor, against a second source, against what the physical market is actually doing. What survives becomes intelligence. What does not gets published as what it is, or not at all.
The benchmark assessment is walled off from all of it. Rumour never touches the price The methodology governs that, and the evidence in the window decides it.
Activity, rumours and the positioning behind them, from inside the market that sets the price of the world’s oil.
The Officials Intelligence · available through Flux
We would like to measure how this site is used, with Google Analytics. Nothing is stored on your device until you accept, and declining changes nothing about the site.