Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
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
The Mar’25 Brent futures contract has been on a decline since 16 January, continuing to fall this morning from just under $80.70/bbl at 0610 GMT down to $80.17/bbl at 0955 GMT, before recovering to $80.40/bbl at 1045 GMT (time of
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
In High Sulphur Fuel Oil (HSFO), the 3.5% barge complex weakened into the new year. The Feb/Mar’25 3.5% barge spread dropped from $4/mt on 27 Dec to a contango of -$1/mt on 14 Jan. While this contango was short-lived, the
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
The Mar’25 Brent futures contract has seen gradual weakness this morning, declining from just under $81.90/bbl at 0520 GMT down to $81.65/bbl at 1055 GMT (time of writing). In the news today, Yemen-based Houthis have signalled a pause in their
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
As energy inflation is no longer his problem, Biden is happy to put as many obstacles before Trump 2.0 as possible and is deciding now, to really crack down on Russian energy revenue. On Friday, prompt Brent reached $80 per
After seeing weakness overnight, the Mar’25 Brent futures contract has continued to decline on Thursday morning, falling from $82.25/bbl at 0700 GMT down to $81.68/bbl at 1050 GMT (time of writing). In the news today, South Korea’s industry minister Ahn
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 Mar’25 Brent futures contract saw steady strength this afternoon, rising from just over $80/bbl at 1200 GMT up to this afternoon’s high of $81.60/bbl at 1630 GMT, moderating to $81.40/bbl at 1745 GMT (time of writing). EIA stats released
The US LPG market has seen a strong start to the year amid colder-than-expected weather. A rally in natural gas futures following Christmas lent support to LPG, with the Feb’25 Mont Belvieu TET propane (C3 LST) rising from under 80c/gal
The Mar’25 Brent futures flat price had a volatile morning on Wednesday. It rose to highs of $80.46/bbl at 07:46 GMT before falling to lows of $79.63/bbl at 09:30 GMT and climbing again to $80.33/bbl by 10:18 GMT. Brent has
The Mar’25 Brent futures contract saw some weakness this afternoon, declining from almost $80.90/bbl at 1200 GMT down to $80.15/bbl at 1800 GMT (time of writing). In the news today, Kaja Kallas, the EU’s foreign policy chief is now pushing
Nothing escapes the law of gravity, but the M1 Brent/Dubai has done much more than that, falling just shy of a low last registered in November 2023. As we write this, the front-month Brent/Dubai has fallen to -$0.80/bbl, having been
