Data Vault Reports
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
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. Since positioning plateaued around -81k and -85k lots at the beginning of March, we have observed the decline accelerate over the past few days. On 06 Mar, positioning fell below -100k for the first time since early December 2024, now sitting at -110k lots as of 07 Mar. As in our last report, Brent and WTI remain the lowest on the positioning model this week, falling from -23k down to -42k lots, and -21k to -34k lots, respectively, between 03-07 Mar. In addition, we saw bearish sentiment across both heating oil and gasoil, which declined from -3.7k to -19k lots, and from -10k to -23k lots, over the same period. In contrast, RBOB futures was the most bullish on the positioning model, rising from -21.5k lots on 03 Mar up to just under 2.4k lots on 07 Mar, flipping net positive for the first time since mid-February.
Onyx CFTC Style COT Reports – 10 Mar 2025
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. Since positioning plateaued around -81k and -85k lots at the beginning of March, we have observed the decline accelerate over the past few days. On 06 Mar, positioning fell below -100k for the first time since early December 2024, now sitting at -110k lots as of 07 Mar. As in our last report, Brent and WTI remain the lowest on the positioning model this week, falling from -23k down to -42k lots, and -21k to -34k lots, respectively, between 03-07 Mar. In addition, we saw bearish sentiment across both heating oil and gasoil, which declined from -3.7k to -19k lots, and from -10k to -23k lots, over the same period. In contrast, RBOB futures was the most bullish on the positioning model, rising from -21.5k lots on 03 Mar up to just under 2.4k lots on 07 Mar, flipping net positive for the first time since mid-February.
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.
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.
Bloomberg survey of crude oil price forecasts
This report compares and contrasts the Bloomberg survey of ICE Brent and NYMEX WTI forecast to their high/low range as well the forward curve
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 Global Oil Balance
Update to Onyx Global Oil Balance: this update’s key revision revolves around supply, with lower non-OPEC supply growth in 2025 and an upward readjustment in Iraqi crude production following methodological changes by Petro-Logistics SA. Following a comprehensive review of Iraq’s crude balance, Petro-Logistics SA has reclassified “other” refinery feedstocks as crude oil, accounting for most of the revision in the country’s output.
This report contains Onyx Advisory’s Global Oil Liquids Balance, with projections of world oil supply (including OPEC crude oil production) and world oil demand to derive implied global oil stock changes by quarter.
The report is split into two parts: a detailed global balance on page 3 and a summary balance on page 4, which shows individual OPEC country crude production assumptions over the forecast period. The OPEC crude production level is contrasted with the ‘Call on OPEC’ crude to obtain the implied global stock change.
Historical data are sourced from the IEA, while Petro-logistics SA data are used for OPEC crude production.
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.
Onyx CFTC Style COT Reports – 03 Mar 2025
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. Overall, CTA net positioning became significantly more bearish heading into March, falling from around flat on 21 Feb down to -81k lots on 03 Mar. WTI and Brent crude futures continue to sit the lowest on the positioning model this week, falling from -19k lots to -21k lots, and from -18k to -25k lots, respectively, between the period 26 Feb to 03 Mar. This week, heating oil positioning flipped bearish for the first time in 2025, declining from around +3k lots on 26 Feb to -3.8k lots on 03 Mar. ICE gasoil also became significantly more bearish this week, falling from -2.6k down to -10.9k from 26 Feb to 03 Mar. Finally, over the same period, CTA positioning in RBOB futures was relatively stable, remaining in a range of -20k to -21k lots throughout most of the week.
