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.

CFTC Weekly cover

CFTC Predictor: Bears Step In

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 cover

European Window: Brent Trades Down To $76.25/bbl

After the Apr’25 Brent futures rose from $76.30/bbl at 1300 GMT this afternoon to a weekly high of almost $76.80/bbl at 1440 GMT, before falling down to $76.25/bbl at 1735 GMT Overall, crude oil prices have been supported on fears

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Dated Brent report cover

Dated Brent Report – All Eyes On Midland

This week, we have seen a good example of the dichotomy between Brent’s futures and the physical market that underpins it. In the physical, it seems that the market has found a floor this week. Equinor and Gunvor were running

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European Window cover

European Window: Brent Fluctuates Around $75/bbl

The Apr’25 Brent futures flat price saw a choppy afternoon, swinging by a dollar from $76 to $75/bbl before rising to $75.70/bbl by 17:00 GMT. According to a Bloomberg report, privately-run terminals in China, particularly in Shandong, Yangshan, and Huizhou,

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Onyx Alpha report cover

Onyx Alpha: Arb We There Yet?

Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in gasoline, NGL, and distillates swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft

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Gasoline report

Gasoline Report: Volatility Dials Down

The Mar’25 RBOB futures contract has consolidated in the $2.10/gal region and is supported by the 34-day moving average. It may find resistance at $2.17/gal, a high seen in October 2024 and January 2025. Momentum is neutral, while Onyx’s CTA

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Technical Analysis report cover

Technical Analysis Report

The front-month Brent futures contract softened from an intraday high of $77.30/bbl on 11 Feb to $75/bbl the next day, following which it drifted sideways and now stands at $74.85/bbl on 17 Feb (at 16:20 GMT). The contract appears to

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European Window cover

European Window: Brent Strengthens To $75.10/bbl

After softening this morning, the Apr’25 Brent futures contract saw steady strength this afternoon, rising from $74.45/bbl at 1215 GMT up to $75.10/bbl at 1750 GMT (time of writing). Crude oil prices have ultimately remained rangebound today as markets await

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Brent Forecast: 17th February 2025

The Apr’25 Brent crude flat price has stabilised after last week’s sell-off and is trading at $74.60/bbl as of 12:00 GMT on 17 February (time of writing). While Trump’s tariff threats have raised concerns about their implications for oil demand,

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CFTC Weekly: Bearish Contemplation

In the week ending 11 Feb, combined open interest (OI) across both Brent and WTI futures increased by 67mb (+1.6%), following two consecutive weeks of declines. We saw a proportionately greater increase in Brent futures OI, which rose 44mb w/w,

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European Window cover

European Window: Brent Dips Below $75/bbl

The Apr’25 Brent futures contract increased from $75.45/bbl at 1200 GMT this afternoon up to $75.80/bbl at 1330 GMT, where prices sold-off to $74.85/bbl at 1750 GMT (time of writing). In the news today, US Treasury Secretary Scott Bessent said

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