Reports

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

Naphtha & Gasoline reports

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

Trader Meeting Notes

Trader Meeting Notes: OPEC-alypse Now

The price volatility noted in the front-month Brent futures contract has calmed this week, with prices moving sideways. We saw some weakness on 23 Apr following reports of several OPEC+ members suggesting a second consecutive accelerated oil output increase in

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European Window cover

European Window: Volatile Brent

The front-month Brent futures contract saw a very volatile afternoon. Prices fell by $1.96/bbl down to $65.50/bbl at15:16 BST and jumped back up to $66.74/bbl at 17.30 BST (time of writing). The nearly $2.00/bbl drop comes as Kazakhstan stirs tensions

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European Window cover

European Window: Brent to $68.00/bbl

Jun’25 Brent futures softened in the early afternoon to sub-$66.70/bbl at 14:56 BST before it saw better strength. Although highs of over $68.00/bbl at 17:15 BST failed to be maintained, the contract corrected to $67.90/bbl at 17:22 BST (time of

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Dubai Market Report – Back to Basics

The Brent/Dubai complex saw a bullish shift with May’25 Brent/Dubai surpassing -$1/bbl for the first time since mid-March. In contrast to flat price, differentials were unresponsive to OPEC+ speeding up its oil output hike. The bullish catalyst was Aramco cutting

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Technical Analysis report cover

Technical Analysis Report: Retracing Higher

The front-month Brent futures contract saw more support this week, with prices climbing from $64.90/bbl on 15 Apr to a high of $68.15/bbl on 17 Apr before softening to $67.45/bbl at the time of writing. Prices notably rose above the

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European Window cover

Early European Window: Brent Above $66.90/bbl

The Jun’25 Brent crude futures climbed steadily on Thursday, from around $66.20/bbl at 08:00 BST to $66.90/bbl by 13:30 BST, surpassing highs reached earlier in the morning. Prices are trading at their highest levels in two weeks, and are on

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Trader Meeting Notes

Trader Meeting Notes: He (Brent) is risen!!

Appropriately for the season, this week has been one of renewed optimism. Headline fatigue feels pretty overwhelming, but margins are healthy, inflation in the States is down, and Cushing saw a weekly draw. So, whether it’s derisking, a weaker USD

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CFTC Weekly cover

CFTC Predictor: Consolidation

In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s

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