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.

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European Window: Brent Declines To $69.30/bbl

The May’25 Brent futures contract weakened from this afternoon’s high of $70.85/bbl at 1230 GMT down to $69.30/bbl at 1745 GMT (time of writing). Bearish sentiment surrounding the April OPEC+ output hike has kept crude oil prices pressured, in addition

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Technical Analysis Report: A Bearish Regime

The M1 Brent futures contract has been under pressure since mid-January, from over $82.00/bbl on 16 Jan to open and close below $70.00/bbl on 06 Mar. This is the first time we have seen this since 01 Dec 2021. This

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CFTC Weekly: Risky Business

In the week ending 04 Mar, combined open interest (OI) across both Brent and WTI futures decreased for the first time in a month, declining by 17.7mb (-0.4%) w/w. We have continued to see traders deleveraging across the crude benchmarks,

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Brent Forecast: 10th March 2025

Uncertainty is the Only Certainty The front-month Brent futures contract fell from an open of nearly $73/bbl last Monday to an intraday low of $68.30/bbl on Wednesday. While prices found support there, they oscillated between $68 and $72/bbl for the

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European Window: Brent Ends The Week At $70.30/bbl

This afternoon, the May’25 Brent futures contract initially strengthened up from $70.30/bbl at 1230 GMT up to $71.40/bbl at 1530 GMT. However, these gains reversed, falling to $70.25/bbl at 1740 GMT (time of writing). Crude oil prices found support after

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Brent Forecast Review: 7th March 2025

Brent crude futures are on track for another weekly loss. At the start of the week, we forecast the front-month Brent to be trading between $70-73.00/bbl, and Brent is supported above $70.50/bbl at the time of writing. Supply developments and

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LNG Market Report: Russian Roulette

The Apr’25 TTF futures contract fell to its lowest level in five months this week, declining from €47.40/MWh on 21 Feb to an intraday low of just over €36.50/MWh on 7 Mar. The contract met support here and climbed to

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Overnight & Singapore Window: Back into the $70s

The May’25 Brent futures contract climbed from $69.55/bbl at 06:55 GMT to $70.65/bbl at 10:55 GMT (time of writing). These gains may have come from players unwinding short risk ahead of the weekend due to rising uncertainty in the market

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European Window: Brent Supported at $69.45/bbl

The May’25 Brent futures contract declined from $69.85/bbl at 1230 GMT down to $68.75/bbl at 1640 GMT, however, has found support up to $69.45/bbl at 1810 GMT (time of writing). This afternoon saw a spike in crude oil prices at

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CFTC Weekly cover

CFTC Predictor: Bears On The Prowl

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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European Window: Brent Breaks Below $70/bbl

The May’25 Brent futures contract has weakened this afternoon, trading from $70.20/bbl at 1200 GMT down to almost $68.35/bbl around 164 0 GMT, recovering to $69.10/bbl at 1740 GMT (time of writing). M1 Brent futures has now fallen to the

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