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MARTHA DOWDING

Research Associate, Flux

About Martha

Martha holds a degree in Chemical Engineering from Newcastle University and has over three years of experience at Flux. She specialises in light ends and is committed to building a comprehensive understanding of oil and refined products, alongside weather dynamics, biofuels, and petrochemical systems.

Posts authored by Martha

Closed Interest

See all the updates across the barrel and a half dozen contracts to watch in our six reports.
6 reports
26 August 2026

The Big (Brent/Dubai) Short

Selling flows were concentrated in the Q4'26 region, and the bearish sentiment filtered into Sep'26....
25 August 2026

Heads of Desk: Top of Mind – Episode 62

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 25 August 2026
25 August 2026

Preparing For Breakout

Consolidation in Brent futures and RBOB crack; M1 gasoline East/West testing all-time lows
9 page report
25 August 2026

It’s the economy, stupid!

Things can change quickly at any moment, and it would not be far-fetched to see greater jawboning attempts by the White House...
14 page report
20 August 2026

Fuelled By The East

Eastern strength drives both HSFO and VLSFO, although bullish momentum is tapering off in Sing 0.5; 380 E/W rallies above $60/mt
20 August 2026

Back to the (Volatile) Futures

There is strong short-term bearish momentum in the Dated physical, but this may lead to prompt structure being oversold...
6 reports
19 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

Breaking that $90 curse

CTAs are building at a quick pace, with net positioning in Brent futures flipping positive....
9 page report
18 August 2026

Reversal of Fortunes

Sing 92 outperforms EBOB; Sep'26 EBOB crack OI remain above 5-year high; bearish divergence RSI in EBOB cracks
14 page report
17 August 2026

Brent bulls, WTI bears

Money managers rebuilt Brent length but increased shorts in WTI. Short-covering in Gasoil
13 page report
17 August 2026

A Brief Moment In The ($90) Sun

Brent slips below $90 as tight products, disrupted waterways and refinery risks keep the market supply-side bullish.
16 page report
13 August 2026