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DONNA DONG

Research Analyst, Flux

About Donna

Donna holds a BSc in Politics and International Relations & an MSc in Data Science and Public Policy, from University College London.

With a particular interest in technical analysis, Donna specialises in broad market research for refined products.

Posts authored by Donna

The Run Continues

Dated Brent physical diff soars from $3.40 to $8.82/bbl; Oct'26 DFL nears $10; strength concentrated in 05-09 Oct roll, no reversal in sight
15 September 2026

Brent Declines Despite Another Record Draw in US SPR

US SPR falls to 1982 lows; Exxon's Joliet refinery offline after power outage; Bangladesh's growth strained by high LNG prices.
14 September 2026

Resilient Markets

Gasoline market stays resilient: EBOB crack surges to $35.35, Sing 92 crack climbs to $28.50, but TA arb weakens further to -9.80c/gal.
14 page report
14 September 2026

No Ending the Blending

Naphtha sideways as cracks weaken; petchem buying and blending demand support, while E/W strength may be amplified by short covering.
17 page report
14 September 2026

Brent hits a century

With rates extraordinary, refiners have been racking up the runs, but the innings is in its final overs, with maintenance looming....
14 page report
10 September 2026

Brent Hits $106 As Houthis Seize Yemen’s Mocha Port

Brent surges to $106.88 as Houthis seize Mocha port, Trump threatens Iran strikes, OPEC output falls, Iran suspends freight charge.
10 September 2026

Brent Holds Above $100 As Chinese Oil Demand Set to Fall

Brent climbs to $101.47 as China oil demand falls, Iraq seeks higher OPEC+ quota, Brazil boosts fuel subsidies, India refiners run hot.
9 September 2026

FEI Drives The High

C3 LST/FEI arb weak amid saturated shorts; FEI surges to $846/mt; CP climbs to $634/mt; FEI/CP spread widens, informing bullish trade view.
17 page report
9 September 2026

Bal-Royale

Dubai physical exceptionally strong, with Chinese buying and firm distillates driving bullish sentiment.
8 September 2026

Brent Firms As Jizan Refinery Hit

Brent slips to $97.47 as Jizan refinery hit, Iran hikes gasoline price above quota, TotalEnergies cedes Papua LNG stake to Exxon.
7 September 2026

NWE Crack Buying, Spread Selling

The naphtha complex has seen a sideways week,
17 page report
7 September 2026

Brent Strengthens As US Diesel Prices Reach Record Highs

Brent climbs to $95.63 as US diesel hits record high, Russia trims output to 17yr low, Dangote refinery IPO nears.
4 September 2026