TotalEnergies’ senior vice president of trading and shipping, Rahim Azouni, announced at the APPEC conference in Singapur that the Brent‑Dubai price spread is expected to remain negative. This situation is attributed to sustained demand for heavier Middle Eastern crude, which persists despite the planned increase in OPEC+ production starting in October . As of Monday, the Brent–Dubai Exchange of Futures for Swaps (EFS) narrowed slightly to $0.47 per barrel.
