Ship Hits The Fan – Middle East Tensions On The Rise
January 29, 2024
After a turbulent weekend, with a Trafigura ship on fire and three US Soldiers dead, the futures market is looking bullish for the week ahead
Reports
Industry-leading market insights. Get daily, weekly and monthly reports from Flux Research, featuring expert analysis and interactive graphs.
Report Schedule Update
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.
This week’s target price: $84-85/bbl
January 29, 2024
Apr Brent Futures started the week supported above $82/bbl.
Brent Comfortably Above $80/bbl Via Middle East Tensions
January 29, 2024
The Brent futures flat price for the Apr contract has seen a minor sell off this morning. Initial stability kept prices in the $83/bbl handles, before selling interest saw price action retrace downwards to $82.58/bbl at 09:55 GMT.
Putting the “late” in Distillates – the impact of the Red Sea conflict on Europe’s Distillates Imports
January 26, 2024
The fundamental backdrop across the gasoil complex remains coloured with freight concerns amid geopolitical risk. How has this impacted European gasoil in a post-Russian embargo world?
Fast and Fuel-ious
January 26, 2024
This past fortnight saw strong price action in the fuel complex, with the HSFO market weakening in both the European and the Asian benchmarks. The 3.5% barge crack saw substantial selling in the prompt contracts, adding on to strong downwards
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).
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