Oil Market Collapse and Reputation Trashed! Contractual Failure Triggers Legal Fist Fights

This week on The Officials, Will and Ed unpack one of the most volatile weeks in recent oil market memory, as geopolitical theatre and contractual chaos collide.   With crude prices swinging wildly and trust in Middle Eastern supply chains under fire, they dive into:The aggressive $10+ sell-off after Iran’s retaliatory strikesWhy the market rallied first - then collapsedWhat the “Trump call” and “China put” mean for price floorsHow a 20% under-delivery from ADNOC has shaken physical marketsWhy traders are facing $10–12 million losses on hedged cargoesThe mechanics of operational tolerance—and how ADNOC may have broken themGrowing fear that IFAD’s credibility is at risk (some say it’s “dead”)What this means for Murban futures and the broader pricing structure   Will and Ed also explore whether this was just a one-off allocation miss - or something more serious that could fracture trust in the Gulf’s benchmark systems.   🔗 Stay connected: Read our daily reports on Flux.live: https://flux.live/ Follow us on Twitter - @OnyxOfficials: https://x.com/OnyxOfficials Jorge’s LinkedIn for real-time updates @ Jorge Montepeque: https://www.linkedin.com/in/jorge-montepeque-38410bb6/   👉 More "The Officials Explain" videos: https://www.youtube.com/playlist?list=PLLdOFnyMotk4U-xon44zYemCocDQ9SmYt 👉 The Officials report: https://www.flux.live/the-official-reports/ 👉 Oil swaps dictionary: https://www.onyxmarkets.co.uk/oil-sw 👉 Get live, industry-grade data on Flux Terminal: https://www.onyxcapitalgroup.com/flux 👉 Trade for free with Onyx Markets: https://onyxmarkets.co.uk/   Follow us: https://linktr.ee/onyxcapitalgroup YouTube: https://www.youtube.com/@worldofoilderivatives LinkedIn: https://www.linkedin.com/company/onyx-capitalgroup/ X: https://x.com/Onyx__Edge TikTok: https://www.tiktok.com/@onyxcgroup Instagram: https://www.instagram.com/onyxcgroup/