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 Rises Above $79/bbl

The Mar’25 Brent futures flat price clawed higher on Tuesday afternoon, rising from $78.50/bbl at 14:00 GMT to nearly $79.60/bbl by 16:45 GMT before falling to $79.16/bbl by 17:40 GMT (time of writing). In the news, a rare winter storm

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Gasoline report

Gasoline Report: Fr-easing into the New Year

The Mar’25 RBOB futures outright price reached above the upper Bollinger band on 15 Jan to a high of $2.20/gal and has since corrected to $2.14/gal on 21 Jan. The cracks have been fairly robust, and the Mar’25 RBOB futures

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Onyx Alpha: Cracking the Code

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

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European Window: Brent Briefly Dips Below $80/bbl

The Mar’25 Brent futures contract started to recover this afternoon, strengthening around 50c since this morning up to $80.93/bbl at 1325 GMT. However, Brent flat price then sold-off at US open (1330 GMT) down to $79.45/bbl around 1400 GMT, retracing

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Brent Forecast: 20th January 2025

Bye Bye Biden The M1 Brent futures contract surged to its highest level since July last week but has since softened to $80.80/bbl at 12:45 GMT (time of writing). We expect the M1 contract to end the week between $78

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Futures Report: Going all in-auguration 

In the week to 20 Jan, the Mar’25 Brent futures saw a narrow trading range, with prices correcting from overbought levels, closing at $80.50/bbl as bullish momentum slowed (RSI dropped from 84 to 66). Open interest declined sharply, likely due

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CFTC Weekly: Golden Bulls

In the week ending 14 January, money managers got longer in Brent but reduced length in WTI futures. Combining both crude futures benchmarks, money managers had a risk-on week as they added 31.7mb (+5%) in longs and 15.0mb (+11.6%) in

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European Window: Brent Falls To $81.15/bbl

The Mar’25 Brent futures contract weakened further this afternoon, falling from $81.35/bbl at 1200 GMT down to $80.57/bbl at 1600 GMT, before recovering to $81.15/bbl at 1755 GMT (time of writing). Crude oil prices have faced some downward pressure as

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Brent Forecast Review: 17th January 2025

Brent Consolidates Above $80/bbl Brent crude futures maintained their strength above the $80/bbl handle this week, amid supply tightness fears following the Biden administration’s sweeping sanctions targeting the Russian oil industry. As of 13:00 GMT (time of writing), Mar’25 Brent

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European Window: Brent Rangebound At $81.45/bbl

Mar’25 Brent futures saw oscillating price action this afternoon, increasing from $81.20/bbl at 1230 GMT to nearly $82.00/bbl at 1425 GMT, before falling to $80.45/bbl at 1630 and recovering to $81.45/bbl at 1745 GMT (time of writing). In the news

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