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.
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.
US EIA Weekly Report
This report reviews the key data from the US EIA’s Weekly Petroleum Status Report
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
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.
Onyx CFTC Style COT Reports – 03 Feb 2025
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. In the week ending 31 Jan, we observed CTA buying flows tapering off as they reduced their length. Brent futures saw a 95% decline w/w in CTA net length to 775 lots. WTI futures saw a 110% decline in the same week to -1.9k lots, flipping into the negative handle for the first time since 3 Jan. ICE gasoil also dipped below 0 for the first time since 2 Jan, declining by 107% to -863 lots on 31 Jan. While heating oil saw a 40% decline w/w, net length remained above 0 on 31 Jan, at +12.7k lots. Finally, RBOB noted a 205% decline w/w to -10.9k lots.
New Publication – 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, and BOIL. For each ETF, we offer a comprehensive breakdown of price trends, volume, open interest, and key market participants.
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.
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.
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 CFTC Style COT Reports – 27 Jan 2025
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. In the week ending 24 Jan, we observed CTA buying flows tapering off as they reduced their length. Net positioning peaked on 17 Jan at 125k lots before falling to 63k lots by 24 Jan. From a product basis, heating oil is currently the most bullish product at 20k lots, as its pace of decline was exceeded by both Brent and WTI. Meanwhile, US gasoline (RBOB) futures remains the weakest segment, as its net position fell below 0 down to -6k lots.
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.
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 – 20 Jan 2025
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. In the week ending 17 Jan, CTA buying flows accelerated as net positioning rose from 22k lots to 125k lots, reaching the highest level since the peak of 9 April 2024. This highlights the bullish momentum of the futures market, where the influx of CTAs exacerbated the rally in flat price as they deployed length en masse for the first time in nearly a year. Brent and WTI futures are the most bullish products, with net positioning both at 33k. This is followed by Heating Oil and Gasoil, at 30k and 26k, respectively. US Gasoline (RBOB) is the weakest at 4.5k, and has been the most bearish product since early December.
