Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
May’25 Brent futures ultimately moved sideways this afternoon, trading down from $70.55/bbl at 1245 GMT to $69.95/bbl at 1435 GMT, before making a recovery to $70.50/bbl at 1740 GMT (time of writing). In the news today, President Putin has said
In High Sulfur Fuel Oil (HSFO), it was a bearish beginning to the month for Sing 380 cst cracks, with the Apr’25 crack declining from an intraday high of -$2/bbl on 27 Feb to -$5/bbl on 4 Mar. Price action
May’25 Brent futures has been supported this morning, increasing from $70.30/bbl around 0610 GMT up to $70.75/bbl at 0855 GMT, moderating to $70.45/bbl at 1045 GMT (time of writing). We saw small gains in crude oil prices this morning, in
The front-month Brent futures contract softened this afternoon, dipping from $70.70/bbl at 12:40 GMT to sub-$70/bbl at $69.80/bbl at the time of writing (17:40 GMT).
The front-month Brent crude futures contract has fallen into a lull, with prices confined to the $68-71/bbl range over the past ten days. At the time of writing on 13 Mar, the contract was trading at $70.65/bbl. Risk takers have
May’25 Brent futures initially saw support this morning, increasing from $70.75/bbl at 0700 GMT up to a touch above $71.20/bbl at 0825 GMT. However, these gains then reversed, trading down to $70.65/bbl at 1050 GMT (time of writing). Crude oil
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
The May’25 Brent futures contract strengthened from $70.30/bbl at 1200 GMT up to $71.10/bbl at 1630 GMT, softening to $70.90/bbl by 1730 GMT (time of writing). EIA data released this afternoon for the week ending 7 Mar showed a smaller-than-expected
Major propane benchmarks weakened over the fortnight ending 11 Mar in line with a weaker crude oil futures complex….
The May’25 Brent futures softened below $70.00/bbl overnight to below $69.50/bbl at around 0720 GMT before strengthening to $70.30/bbl at 1020 GMT (time of writing). Trump’s 25% global tariffs on steel and aluminium took effect at midnight ET with no
The past two weeks saw rapid fluctuations in price action, reinforcing the high volatility regime that has marked Brent/Dubai since the start of the year. As OPEC+ confirmed their plans to proceed with its long-delayed production increase of 138kb/d beginning
The North Sea Dated Brent physical differential saw great support at the start of March, rising from 0c on 28 Feb to 85c/bbl on 04 Mar, this time last week. Since then, there the differential has been implied quite stably,
The May’25 Brent futures contract is on track for a daily gain, although it failed to maintain the strength from this morning, dropping from $70.20/bbl at 12.00 GMT to $69.60/bbl at 17.30 GMT (time of writing). The EIA now forecasts
The naphtha market has had a fortnight of two halves. The Apr’25 NWE naphtha crack weakened from an intraday high of -$2.46/bbl on 26 Feb to -$3.55/bbl on 4 Mar. Following this weakness, the contract rallied to -$2.55/bbl at the
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in gasoline, VLSFO, naphtha, and middle distillate swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and
