Please note that there will be a hiatus in the publication of reports between 22nd December and 2nd January due to the Christmas period. Reports will be published as normal from Monday 5th January 2026.
Long 0.5% Sing Jun/Jul There has been tepid demand for LSFO at the moment and with Al Zour refinery issuing tenders at the beginning of May there has been a good supply. But we expect that to correct a little
It seems like the North Sea crude market has begun to gasp for air after drowning in a very weak May.
The Aug Brent flat price saw a positive afternoon starting from $83.00/bbl and rallying up to $84.80/bbl as at 16:40 BST.
The Jul EBOB crack started the fortnight strong but softened quickly and retraced below $18/bbl on May 22 where it found support albeit only shifting to trade around a range of $18-18.30/bbl.
With another week comes another selection of trade ideas from Onyx Research. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on Onyx Commitment of Traders (COT) and Flux Financials data.
The Aug Brent futures flat price has had a fairly flat morning, trading in a narrow range between $82.75/bbl and $83.15/bbl.
Short Jun 0.5 Euro crack European 0.5 Barges has been very weak recently due to tepid demand alongside Europe ample stock piles. We have seen a slight pull back in Euro 0.5 Euro which is now entering the overbought zone
Technical indicators indicate an RSI that has lifted out of oversold territory for Brent, ICE gasoil and RBOB gasoline futures although other indicators flag short-term bearish momentum
For the week to May 21, we saw differing positions adopted by money managers and prod/merc players across the two benchmarks.
The Aug Brent futures flat price primarily traded around $82.10/bbl all morning although it ultimately climbed to $82.35/bbl as of 11:15 BST.
The July Brent futures flat price has had a strong afternoon, mitigating the losses it saw this morning. The contract kicked off the afternoon at lows of $80.80/bbl at 13:50 BST before seeing a stellar rally up to $82.15/bbl at
The National Grid announced its plan to sell Britain’s largest liquefied natural gas (LNG) terminal, Grain LNG, as part of its strategy to streamline operations and focus on networks, as stated during the presentation of its 2023/24 business year earnings.
The July Brent futures flat price softened over the morning, from around $81.40/bbl at 0730 BST to $80.70/bbl at 1115 BST (time of writing).
Long Jun 380 Crack Tighter supplies and relatively healthy downstream demand have strengthened the Asian high sulfur fuel oil complex in recent weeks, although we have seen a drop in the last couple of days we believe it has found
The July Brent futures flat price has completely shredded the gains it made this morning. Having begun the afternoon well-supported, the price rose from $82.35/bbl at 12:55 BST to $82.95/bbl at 14:30 BST, however it was then crushed down to
