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Drop in US personal savings, Anthropic valuation surges, ROI on AI increasingly negative

The AI investment case is looking increasingly difficult to justify...
29 May 2026

Heads of Desk: Top of Mind – Episode 49

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 26 May 2026
26 May 2026

Latest reports

Jun’26 380 East/West

In this edition, we look at the Jun'26 380 East/West (Sing 380 vs 3.5% Barges).
29 May 2026

Jul/Aug C3 FEI

Crude weakness pressured the front FEI contract, though FEI spreads have been more resilient. How vulnerable are these longs?
29 May 2026

Brent Falls to $92/bbl

Brent trades around $92/bbl; front Jul/Aug Brent futures fall below $1 on expiry day; US imposes new vessel sanctions
4 page report
29 May 2026

I think I’ve seen this film before

We will need a more robust confirmation of a ceasefire. The longer such a confirmation takes, the more likely it is we won't see one...
16 page report
28 May 2026