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Heads of Desk: Top of Mind – Episode 61

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 18 August 2026
18 August 2026

JGB Yields Push, US 10-Year Treasury Yield Reaches Highs, UK Unemployment

JGB yields hit 30-year highs as yen weakens; US yields climb on inflation fears, equities slide, UK wages stay firm.
18 August 2026

LATEST REPORTS

Brent Rises as US Prepares to Help Refiners Increase Fuel Output

Brent rises as US seeks higher refinery runs; Asian buyers reroute Saudi crude, while Chinese shippers avoid key chokepoints.
18 August 2026

ADNOC Shock

Dubai spreads strengthened, while Brent/Dubai fell amid mixed flows. Trade-house selling may cap gains, but $4 support could hold.
18 August 2026

Monday Blues

Dated Brent structure capitulates as the front flips into contango; weakness absorbed by the 24-28 Aug CFD
18 August 2026

Brent sits above $90/bbl on continued supply risk

China exported 6.7% more fuel m/m (12.9% lower y/y), according to Chinese customs data. Notably, diesel exports were up 88% m/m...
18 August 2026