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Heads of Desk: Top of Mind – Episode 63

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 1 September 2026
1 September 2026

US 10-Yr Yields At Highs, Market Watches Jobs Data, Chile Copper Decline

10Y hits 19mo high as Bessent's bond fix falters; jobs week ahead; GCC pulls capital home; China PMI contracts; Chile copper output slumps.
1 September 2026

LATEST REPORTS

Brent Firms Amid Reports of New US Strikes

Brent holds near $92.67 as US strikes Bandar Abbas; Russia cuts oil forecast to 17-yr low; LNG "dark fleet" doubles.
1 September 2026

Brent/Dubai Slip ‘N Slide

Dubai premium jumps to $15.81 as Chinese buying dries up offers; Brent/Dubai crashes below $2 amid heavy selling; desk stays bearish.
1 September 2026

The Sooner the Weaker…

The physical differential inches up with the weakness localised in the prompt weeks
1 September 2026

Brent trades higher as VLCCs struck in the Strait of Hormuz

Brent trades up to $92 amid escalating tensions in the Strait of Hormuz, two outbound VLCCs struck by projectiles
1 September 2026