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.
There have been a lot of nothingburgers in the oil market lately, and Brent’s price action is experiencing increased exhaustion. Over the past week, it fluctuated between the $65-68/bbl level.
The naphtha market has continued to be supported this fortnight. Asia stayed firm after a refinery outage removed ~425 kb, with most absorbed in the East MOC, keeping prices and spreads bid. Cracks in both regions strengthened, which seems due
The Nov’25 Brent futures contract has been fairly rangebound between $67 and $67.50/bbl this morning, sitting at $67.07/bbl at the time of writing (11:15 BST). In its Oil Market Report..
Flux Insight’s CFTC predictor expects a removal of 12.4mb in long speculative risk in the week ending 9 Sep. Should this hold, it would mark the…
Oct’25 Mont Belvieu TET propane (C3 LST) firmed from 69.375c/gal (29 Aug) to 72.25c/gal (10 Sep, time of writing). Exchange-traded open interest (OI) rose 6% w/w to 35.5mb on 8 Sep.
The Nov’25 Brent Futures contract initially traded rangebound between $67.17/bbl and $66.77/bbl before jumping up to $67.45/bbl at 16:09 BST. Prices continued rallying to $67.69/bbl at17:30 BST (time of writing). In the news, the EIA reported that US oil inventories
The Nov’25 Brent Futures contract rallied from $66.82/bbl at 09:03 BST to $67.09/bbl at 09:27 BST. Prices then fell to $66.74/bbl at 10:30 BST before slightly to $66.85/bbl at 11:20 BST (time of writing). In the news, Chevron plans to
M1 Brent futures attempted to break above $69/bbl on 2 Sep, where they met resistance and softened to $65/bbl on 5 Sep, before ultimately rising to $66.60/bbl at the time of writing on 9 Sep. Immediate resistance sits at the
The Nov’25 Brent Futures contract jumped up to $67.10/bbl at 14:04 BST. Prices then traded between $67.33/bbl and $66.82/bbl. At 16:30 BST prices fell to $66.72/bbl and continued falling to $66.55 at 17:45 BST (time of writing).
The Dubai market has been rife with uncertainty over the past week: we began the week commencing 1 Sep gapping lower with the market increasingly oversaturated towards selling.
The North Sea physical differential remained pressured below the $0/bbl mark over the past week amid continued offers in the physical. The front of the curve has seen considerable sell side interest from majors and trade houses. September structure sees
Nov’25 Brent futures opened higher overnight Monday, rebounding from $65/bbl levels and approaching $67/bbl, trading $66.74/bbl by 11:30 BST (time of writing). Prices rose despite the OPEC+ decision to raise output in October by 137kb/d, given that some members were
The Nov’25 Brent futures contract climbed to a high of $67.04/bbl at 12:50 BST this afternoon but softened to $65.85/bbl by 15:00 BST, where it marked a floor and sits at $66.05/bbl at the time of writing (17:25 BST).
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Naphtha and Fuel Oil Swaps. Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
In the week ending 02 Sep, M1 Brent futures rose to 1-month highs of $69.50/bbl. However, the $70/bbl resistance proved too great a hurdle, and prices subsequently weakened later in the week.
