Reports

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Naphtha & Gasoline reports

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

Eastern Energy… Unmatched

The market price of Russian Urals has seen a significant weakness since the end of October, dropping $24/bbl since the end of Oct to lows of $61.68/bbl observed on Dec 12. The price drop returns Russian crude near the $60/bbl

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Sentiment swings from Bull to Bear for Crude futures

Brent and WTI both saw their interest flipping from bullish to bearish in the week to Jan 02, reverting from the previously observed two-week trend. Brent notably saw bears coming back strongly and increasing their positions by over 30mbbls, representing

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Saudi Aramco cut OSP of Arab light

The Brent futures flat price for the prompt contract saw an initial sell off in the early hours, falling from highs of $78.82/bbl at 00:10 GMT to high $77/bbl-handles for the majority of the morning, before dipping to $77.54/bbl at

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All Quiet on the (Middle) Eastern Front 

Feb Brent/Dubai rose to 97c/bbl on Dec 18, but by Christmas the now prompt month slipped down past 40c/bbl. The early window on Dec 22 saw the Brent/Dubai structure nearly collapse. The market was liquid and we saw a player

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Red Sea Attacks lends support to Prices

The Brent futures flat price for the prompt contract has seen a relatively rangebound morning. Nevertheless, it has seen some support, rising from lows of $78.05/bbl at 08:30 GMT to reach highs of $78.68/bbl come 09:55 GMT. The US Navy

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Buy the leak, sell the news

Last week we saw the naphtha EW roof, fuelled by the skyrocketing TC5 freight rate (which passes through the Bab al-Mandab strait, the bottleneck of the Red Sea). Turmoil in the Red Sea has allowed for the TC5 freight rate

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Dan-got(e) Fuel?

Nigeria’s Dangote refinery recently acquired 1mbbls of oil from the state-owned NNPC, its second crude oil cargo this month. What does this mean for movements in oil as we know them?

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Prompt Brent Futures Hovering Around $80/bbl mark

The Brent futures flat price for the prompt contract has remained relatively rangebound this morning, falling no lower than $79/bbl. It managed to surpass the $80/bbl mark at 09:00 GMT to reach $80.10/bbl, before it retraced back down to $79.94/bbl

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Onyx Alpha report cover

Tuesdays are for Trade Ideas

Onyx’s Research team brings you new speculative trades every Tuesday based on technical analysis and data-driven tradecraft methods on Onyx Commitment of Traders (COT) and Flux Financials data.

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