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.

Onyx Alpha report cover

Onyx Alpha: All About Arbs

Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in fuel oil 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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European Window cover

European Window: Brent Supported Above $74/bbl

The Feb’25 Brent futures flat price traded within a 60c range on Monday afternoon. Price action reached highs of $74.30/bbl at 15:30 GMT before falling to $73.74/bbl at 16:30 and climbed to $74.11/bbl by 17:30 (time of writing). In the

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CFTC Weekly: Gasoline over Gasoil

In the week ending 10 December, money managers saw opposing sentiment in the crude futures benchmarks, as they got longer in Brent but shorter in WTI. Overall positioning remains bearish despite the delay in the OPEC+ output hikes as traders

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Brent Forecast: 16th December 2024

The front-month (Feb’25) Brent futures contract has seen a supportive performance in the past week, rising to highs of $74.50/bbl on 13 December – but has come off to the $74/bbl level on 16 December (time of writing). This week,

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Futures Report: Crude Tidings we Bring…

Feb’25 Brent futures rose from $71.00/bbl on Dec 9 to $74.60/bbl on Dec 13, before correcting to $74.00/bbl on Dec 16. The daily upper Bollinger band acted as resistance at $74.50/bbl. Volatility slightly increased, although Bollinger bands remained narrow, while

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European Window cover

European Window: Brent Supported at $74.40/bbl

The Feb’25 Brent futures flat price initially saw a decline this afternoon from around $74.10/bbl at 12:00 GMT to $73.60/bbl at 14:05 GMT, before recovering to $74.40/bbl at 17:50 GMT (time of writing). Bullish sentiment has persisted as Russia launched

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Fuel Oil report cover

Fuel Oil Report – European Fuel Oil Stays Afloat

Both the eastern HSFO and VLSFO complexes have seen generally lacklustre performance in the past two weeks, with both the 380 East/West and 0.5 East/West declining to $2.25/mt and $34/mt on 12 Dec, respectively, representing fortnightly decreases of around 30%

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Brent Forecast Review: 13th December 2024

Iran v Israel, again On Monday, we forecast that the front-month Brent futures contract would end the week between $71 and $74/bbl. As of Friday, 8:30am GMT (time of writing), the contract is trading at around $73.60/bbl, well within this

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Trader Meeting Notes

Trader Meeting Notes: Jingle Bull Rock

With the confirmation of OPEC+ delaying their output hikes, it looks like crude flat price will cling on to 70 for a while longer. The group has certainly bought themselves some more time, but at what cost? That is not

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European Window cover

European Window: Brent Recovers To $73.65/bbl

The Feb’25 Brent futures contract initially saw weakness this afternoon, falling from $73.60/bbl at 12:00 GMT down to $72.45/bbl around 16:10 GMT, before recovering to $73.65/bbl at 17:30 GMT (time of writing). Crude oil prices were elevated amid reports that

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