Data Vault Reports
Onyx Positioning Report – 01 Apr 2025
This report aims to provide a position index for energy futures between -50 and 50, with 0 as the neutral position. The full methodology is at the back of the report. When the position index is at the extremes, above 40 or below -40, the market is overstretched relative to its average position in the previous 3-year rolling window. As such, it is ripe for mean reversion. Consequently, when the index is high, deleveraging will follow, having a negative impact on price, while when the index is low, we expect accumulation that will push the price higher.
Refinery Margins Report
Click below to explore our new Refinery Margins Report, offering a clear, detailed analysis of weekly and monthly shifts in key regional refinery margins. This report enables readers to pinpoint where margins are tightening or loosening across regions, drawing on proprietary yields and our leading market share in swaps to build a world class financial refinery margin—essential for understanding the evolving landscape of regional refinery economics.
Energy futures correlation with the S&P 500 and the DXY dollar index
This report covers the correlation in daily returns (on different rolling window periods) between the main energy contracts listed on the ICE and NYMEX exchange and the S&P 500 and the DXY dollar index.
ETFs Report
Click below to explore our ETFs report, providing a detailed analysis of price movements, trading volume, and counterparty shifts in ETF underlyings, along with open interest trends in the options market. Featured funds include USO, SCO, UCO, KOLD, BOIL, and UNG. For each ETF, we offer a comprehensive breakdown of price trends, volume, open interest, and key market participants.
Weekly Oil Inventories Report
This report reviews weekly oil inventory data from the US EIA’s Weekly Petroleum Status Report, Global Insights’ ARA Independent Storage and International Enterprise’s Singapore product storage
US EIA Weekly Report
This report reviews the key data from the US EIA’s Weekly Petroleum Status Report
Onyx Positioning Report – 25 Mar 2025
This report aims to provide a position index for energy futures between -50 and 50, with 0 as the neutral position. The full methodology is at the back of the report. When the position index is at the extremes, above 40 or below -40, the market is overstretched relative to its average position in the previous 3-year rolling window. As such, it is ripe for mean reversion. Consequently, when the index is high, deleveraging will follow, having a negative impact on price, while when the index is low, we expect accumulation that will push the price higher.
Onyx CFTC Style COT Reports – 24 Mar 2025
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. Bearish sentiment has slowly been picking up since total positioning hit flat on 21 Feb, falling to a three-month low of around -127k lots on 11 Mar. Overall net positioning increased over the past week, moving up to -74k lots on 24 Mar from -122k lots on 17 Mar. The majority of the selected futures contracts continue to be net bearish, except for RBOB, which continued to be in the positives at 12k lots on 24 Mar from around 5k lots a week ago. Brent futures and WTI are now at around the same level of estimated net positioning after Brent has seen better support this week.
Refinery Margins Report
Click below to explore our new Refinery Margins Report, offering a clear, detailed analysis of weekly and monthly shifts in key regional refinery margins. This report enables readers to pinpoint where margins are tightening or loosening across regions, drawing on proprietary yields and our leading market share in swaps to build a world class financial refinery margin—essential for understanding the evolving landscape of regional refinery economics.
Energy futures correlation with the S&P 500 and the DXY dollar index
This report covers the correlation in daily returns (on different rolling window periods) between the main energy contracts listed on the ICE and NYMEX exchange and the S&P 500 and the DXY dollar index.
ETFs Report
Click below to explore our ETFs report, providing a detailed analysis of price movements, trading volume, and counterparty shifts in ETF underlyings, along with open interest trends in the options market. Featured funds include USO, SCO, UCO, KOLD, BOIL, and UNG. For each ETF, we offer a comprehensive breakdown of price trends, volume, open interest, and key market participants.
US EIA Weekly Report
This report reviews the key data from the US EIA’s Weekly Petroleum Status Report
Onyx CFTC Style COT Reports – 17 Mar 2025
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. Bearish sentiment has slowly been picking up since positioning hit flat on 21 Feb, falling to a three-month low of around -127k lots on 11 Mar. Positioning has seen little movement over the past week, moving up slightly to -122k lots by 17 Mar. The majority of the selected futures contracts continue to be net bearish, except for RBOB which flipped net bullish from -21.5k lots on 03 Mar up to 2.4k on 05 Mar. This week, RBOB futures positioning has increased slightly to 5.2k lots by 17 Mar. Brent futures sat the lowest on the positioning model this week, reaching -44k lots on 11 Mar, now at its most bearish positioning seen since September 2024. WTI positioning was close behind as the second lowest on the model, hitting -37k lots on 12 Mar. Heating oil and gasoil futures have both steadily declined from around -20k and -22k lots, respectively, to -26k lots each.
Refinery Margins Report
Click below to explore our new Refinery Margins Report, offering a clear, detailed analysis of weekly and monthly shifts in key regional refinery margins. This report enables readers to pinpoint where margins are tightening or loosening across regions, drawing on proprietary yields and our leading market share in swaps to build a world class financial refinery margin—essential for understanding the evolving landscape of regional refinery economics.
Energy futures correlation with the S&P 500 and the DXY dollar index
This report covers the correlation in daily returns (on different rolling window periods) between the main energy contracts listed on the ICE and NYMEX exchange and the S&P 500 and the DXY dollar index.
