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.
The Sep’25 Brent futures contract initially climbed to $70.75/bbl around 13:20 BST, where it met resistance. Despite fighting to remain above the critical $70/bbl handle at first, prices ultimately sold off and stand at $69.30/bbl at 17:30 BST (time of
High Sulphur Fuel Oil has been weak, but there seems to be more buying interest at these levels. The Aug’25 3.5% barge crack rose early from -$2.45/bbl on 8 Jul to -$1.75/bbl on 9 Jul, then fell to -$3.75/bbl on
The Sep’25 Brent futures strengthened this morning, from a daily low of $69.41/bbl at 04.35 BST to $70.40/bbl at 10.45 BST, softening to $70.12/bbl at 11.25 BST (time of writing). The EU approved its 18th sanctions package on Russia and
It is hard to keep Brent away from the $60s, with price action slipping from $71.55/bbl at the start of the week to $68.90/bbl at the time of writing on 17 Jul. Nevertheless, NWE and Asian refinery margins remain supported,
The Sep’25 Brent futures contract has seen a choppy afternoon, albeit still rangebound around $68/bbl. Prices finally broke above $69/bbl around 16:30 BST and stand at $69.36/bbl at 17:35 BST (time of writing), where they appear to be meeting resistance.
The naphtha market has been relatively lacklustre over the fortnight as price action largely stabilised. The Dangote refinery importing naphtha for its reformer sparked bullish sentiment, but news of the refinery moving forward its turnaround from August to July quickly
The Sep’25 Brent futures contract fell to $68.34/bbl at 09:29 BST before jumping between $68.80/bbl and $68.29. At 11:30 BST (time of writing) prices were at $68.65/bbl. In the news, India is confident it can meet its oil needs from
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 Sep’25 Brent crude futures briefly fell below $68/bbl but was supported above that level on Wednesday afternoon, trading at $68.22/bbl at 17:30 BST (time of writing). EIA stats indicated a 3.9mb draw in crude inventories in the week ending
The LPG market saw the crude rally and sell-off mirrored in the flat prices. The US market has been generally supported, with the front spread fairly flat. There was good LST/FEI selling from a major, but hedge buying in the
Brent crude futures have failed to see significant moves this week as it is sandwiched between the 100 and 200-day structural moving averages. The contract saw next to no net change in the week, rising from opening at $69.25/bbl on
The Sep’25 Brent futures contract fell to $68.21/bbl at 10:14 BST. Prices have since slightly recovered to $68.59/bbl at 11:30 BST (time of writing). In the news, several oilfields in Iraq’s semi-autonomous Kurdistan region have halted production after three consecutive
While the Bal-Jul’25 Brent/Dubai briefly ticked up from -$1.20/bbl on 1 Jul to -$0.65/bbl on 3 Jul, the contract sold off to a low of -$1.46/bbl on 15 Jul. Similarly, the Aug’25 Brent/Dubai weakened from -$0.09/bbl on 3 Jul to
The Sep’25 Brent futures contract fell to $68.78/bbl at 15:11 BST, before rallying up ot $69.31 at 16:31 BST. Prices have since fallen back to $68.80/bbl at 17:25 BST (time of writing). In the news, Iraq has signed a preliminary
The Dated Brent physical differential saw a choppy week, falling to $0.38/bbl on 10 July before rising to $0.71/bbl by 14 July. Phillips 66 and Chevron were offering Midland, while Mercuria joined Total on the buy side. Petroineos returned after
