Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
European countries reliant on Russian gas are scrambling to find ways to pay for supplies after new US sanctions on Gazprombank, which could disrupt payments and halt gas flows, particularly affecting Hungary and Slovakia. Potential solutions include waivers or alternate
TARGET: $70.00/bbl – $73.50/bbl PRICE: $71.65/bbl OPEC+: Much Ado About Nothing The front-month February 2025 Brent Friday morning was roughly where it started the week, with a brief rally in between. At the time of writing, Brent was trading at
The Feb’25 Brent futures contract fell slightly from $72/bbl at 07:00 GMT down to $71.65/bbl at 10:20 GMT (time of writing). Crude oil markets appear to have largely priced in the OPEC+ decision to delay production hikes, in line with
This week, the North Sea physical market saw the largest amount of cargoes traded in 16 years, with 8 cargoes, or approximately 5.6mb of crude, changing hands in this Monday’s pricing window (2 Dec). With large market players Trafigura and
The Feb’25 Brent futures contract fell this afternoon from $72.85/bbl at 11:35 GMT down to $72.05/bbl shortly before 18:00 GMT (time of writing). In the news today, OPEC+ delayed the revival of its oil production by three months to April,
The Feb’25 Brent futures contract has seen marginal strength this morning, trading from $72.40/bbl at 07:00 GMT up to $72.65/bbl at 10:25 GMT (time of writing). With the OPEC+ ministerial meeting on production policy taking place today on 05 Dec,
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 Jan’25 US Mont Belvieu TET (Energy Transfer) propane contract (C3 LST) weakened from over 83c/gal on 25 Nov to 80c/gal on 04 Dec (at the time of writing). The Jan/Feb’25 LST fell from 1c/gal to 0.25c/gal in the same
The Feb’25 Brent futures contract saw weakness this afternoon, increasing from around $73.80/bbl at 12:00 GMT to $74.07/bbl at 14:30 GMT, before declining to $73.25/bbl at 17:55 GMT (time of writing). EIA stats released at 15:30 GMT for the week
The Feb’25 Brent futures contract rose this morning from around $73.80/bbl at 07:00 GMT to $74.10/bbl at 10:20 GMT (time of writing). Crude oil prices remained supported this morning while traders await tomorrow’s OPEC+ meeting (5 Dec), where ministers are
In Europe, stop-out flow was joined by heavy selling, which saw the spreads, both deferred and prompt, alongside crack selling down the curve. The last week of November was also likely pressured by significant selling from a major as
The Feb’25 Brent futures contract continued to rise this afternoon from $72.62/bbl at 12:00 GMT up to $73.65/bbl at 17:50 GMT (time of writing). In the news today, Russia’s seaborne crude exports have risen ahead of 5 Dec’s OPEC+ ministerial
The Brent/Dubai continues to narrow, with the front-month contract falling below $0.50/bbl, the lowest level for a front-month contract since September. On paper, Dubai crude has gained much of the strength lost in previous months. The fundamental story suggests a
December began with a buying spree in the Platts window, with Total and Trafigura buying a total of seven cargoes – the most recorded in the window for years.
November Review Edition: Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in LPG and Gasoline swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and
