Reports

Industry-leading market insights. Get daily, weekly and monthly reports from Onyx Research, featuring expert analysis and interactive graphs. ​

Naptha & Gasoline reports

Please note that these reports will now be published every Thursday.

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European Window: Brent Falls to $64.97/bbl

The Jul’25 Brent futures contract initially climbed to $66.30/bbl at 13:16 BST but retreated throughout the afternoon to $64.97/bbl at17:30 BST (time of writing). In the news, the EIA reported that US crude and fuel inventories unexpectedly rose last week.

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Dubai Market Report – Where’s the Flow?

In our previous report, we anticipated a prolonged period of de‑risking in the Brent/Dubai complex, with prices oscillating within a broad band, and that’s exactly what we’ve seen. Over the past fortnight, the Jun’25 Brent/Dubai crack traded between -$0.25/bbl and

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Technical Analysis Report: Flatlining?

M1 Brent futures consolidated this week, seeing resistance at $66.80/bbl on 13 May. The contract failed to close below the 20-day moving average (white line) and saw support at around $63.45/bbl on 15 May. The 9-day moving average has acted

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European Window: Brent Bounces Back to $65.53/bbl

The Jul’25 Brent futures contract saw prices rally to $65.65/bbl at 14:21 BST before falling off to $54.94/bbl at 14:51 BST. Prices then bounced back to $65.53/bbl at 17:30 BST (time of writing). In the news, Kazakhstan’s oil output rose

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Onyx Alpha: May the Profits Be With You

Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in fuel oil and light ends swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven

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European Window: Brent Falls Back to $64.42/bbl

The Jul’25 Brent futures contract saw prices rally all afternoon to $65.95/bbl at 17:35 BST before falling off to $64.42/bbl at 18:00 BST (time of writing). In the news, Indonesia is questioning a number Singapore-based trading firms as part of

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Brent Forecast: 19th May 2025

Turning the vol down Over the week to 13 May, front-month Brent futures rallied to $66.55/bbl, their highest level since 28 April. ICE COT data for that week shows money managers added nearly 50 mb to their net long position,

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CFTC Weekly: Funds buying Brent

In the week ending 13 May, the crude oil futures (Brent and WTI) saw support in price action. Total managed-by-money positions in the two futures benchmarks saw a 29mb increase in long positioning (+7%) alongside a 9.7mb removal of shorts

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Overnight & Singapore Window: Brent Falls to $64.45/bbl

The Jul’25 Brent futures contract saw a rangebound morning, initially trading between $64.81/bbl and $65.18/bbl. Prices then fell to $64.45/bbl at 11:31 BST (time of writing). In the news, Guyana has passed a new oil pollution bill that makes companies

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European Window: Brent Rallies to $65.47/bbl

The Jul’25 Brent futures contract saw prices rangebound between $64.60/bbl and $65.02/bbl in the early afternoon. Prices then rallied to $65.47/bbl at 17:45 BST (time of writing). In the news, the first round of talks between Russia and Ukraine conclude.

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European Window: Volatile Brent Rallies to $64.73/bbl

The Jul’25 Brent futures contract climbed from $65.80/bbl at circa 12:20 BST to $66.50/bbl at 14:55 BST, where it met resistance. Price action attempted to breach this level thrice this afternoon but failed to breach past it, softening to $65.90/bbl

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