Brent prices rise to their highest levels yet in 2024
January 26, 2024
Brent futures for the Mar contract breached into $82/bbl handles last night but eased slightly to now sit at $81.95/bbl (as of 09:40 GMT).
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Due to unforeseen circumstances, the Technical Analysis Report due for publication on the 15 July 2025 has been delayed by a day. We apologise for any inconvenience.
Mar Brent futures hit above the $81/bbl mark
January 25, 2024
The Mar Brent futures contract has yet again strengthened throughout the day, reaching almost two-month highs of $81.51/bbl at 16:50 GMT and later retraced to trade at $81.47/bbl at 17:05 GMT (time of writing). WTI prices also found strong support
Brent-syphus rolling up
January 25, 2024
Brent futures finally found the momentum it had been waiting for, pointing to some calm in this poor-demand storm. Prompt Brent futures strengthened from $79.10/bbl on Jan 18 to $80.04/bbl on Jan 24, and hitting the $80/bbl mark two times
Another Fire at Russian Refinery supports Brent above $80/bbl
January 25, 2024
The Brent futures flat price for the prompt contract has seen a relatively supported morning above the $80/bbl mark, rising from $80.31/bbl at 07:00 GMT to $81.20 at 10:00 GMT.
ONYX CFTC Forecast
January 25, 2024
Every Thursday we release our forecasted CFTC positioning, for the week to Jan 23 our proprietary model at ONYX predicts CFTC positions to be…
Brent strengthens amid continued supply shocks
January 23, 2024
Brent prices for the Mar tenor have strengthened this afternoon, rising from below $79/bbl as of 14:00 GMT to $79.91/bbl at 16:45 GMT (time of writing)
A Song of Ice and Oil
January 23, 2024
Over the past two weeks, the narrative of the light sweet crude market has been predominantly shaped by supply-demand mechanics, culminating in a substantial rise in market activity.
Onyx Welcomes Group Chief Financial Officer; Andrew Chen
January 23, 2024
The Onyx Capital Group C suite expands once more as we warmly welcome Andrew Chen as the Group Chief Financial Officer. Andrew joins with over 25 years’ experience in execution and advisory across private equity, equity & debt capital markets and
Crude prices strengthened above the $79/bbl mark
January 22, 2024
The Mar Brent futures contract has been strengthening throughout the afternoon, reaching highs of $79.94/bbl at 16:30 GMT and later retraced to trade at $79.84/bbl at 17:05 GMT (time of writing). WTI prices also found support and traded at $74.80/bbl
Filibustering Futures: Onyx report 22-01-24
January 22, 2024
Brent futures strengthened on the week although remained within neutral territory, with the RBOB and gasoline following in Brent’s neutral footsteps. WTI/Brent boxes remained in contango despite strength in the prompt while refinery margins saw a product driven market with
This week’s target price: $79-81/bbl
January 22, 2024
Mar Brent futures were seen supported over the last week amid uncertain fundamentals in the context of a still-raging conflict in the Red Sea.
Brent Remains Bullish as WTI Flips Back to Bearish
January 22, 2024
Brent saw a continuation of bullish money manager positioning in the week to Jan 16, whilst WTI futures saw a change of heart, flipping to a more bearish stance after being seemingly bullish the week prior. Combined positioning saw an
Russia Takes Number 1 Spot as China’s Top Oil Supplier
January 22, 2024
The Brent futures flat price for the prompt contract has seen a relatively stable morning. Initial weakness saw prices dip below the $78/bbl mark, falling to $77.84/bbl at 09:00 GMT, before buying interest saw price action climb back to $78.71/bbl
LPGoing up or down ? (a Wu Friday edition)
January 22, 2024
This week we are going to look at some updates in the LPG market, where the market’s been shifting faster than a trucker on the last leg of a cross-country coffee-fuelled haul. It hasn’t exactly been smooth sailing in the
Wuthering Freights – I’m So Cold
January 19, 2024
These last two weeks in LNG: we have seen a lack of support despite freezing weather as most LNG benchmarks were seen weakening, with Mar TTF notably trading from €34/MWh on Jan 05 to €27.97/MWh on Jan 18. Storage is
