Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
The Feb’25 Brent Futures contract experienced a weaker morning session, trading down from around $74.20/bbl at 07:00 GMT to $73.94/bbl at 10:35 GMT (time of writing) as traders take profit and await the Fed’s interest rate decision, with market expectations
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
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%
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
he Feb’25 Brent futures contract strengthened this morning from $73.45/bbl at 07:00 GMT up to $74.10/bbl around 10:50 GMT (time of writing). Crude oil prices saw support amid reports that Russia attacked Ukrainian energy facilities this morning, targeting power substations
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
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
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 Feb’25 Brent futures contract weakened this morning, increasing from $73.65/bbl at 07:00 GMT up to $73.95/bbl at 09:00 GMT, before falling back down to $73.50/bbl at 10:55 GMT (time of writing). In the news today, Kremlin spokesman Dmitry Peskov
The Feb’25 Brent futures contract was supported this afternoon, rising from $73.00/bbl at 12:00 GMT up to $73.40/bbl at 17:50 GMT (time of writing). In the news today, OPEC’s monthly report has cut oil demand growth forecasts for this 2024
After trading comfortably around $72.50/bbl overnight, the Feb’25 Brent futures contract has increased to $72.85/bbl this morning at 10:45 GMT (time of writing). Crude oil prices have been supported following the announcement of China’s looser monetary policy stance and expectations
There was a battle for the barrels in the North Sea, with Totsa and Trafigura buying heavily and Equinor and Gunvor on the sell side. We have seen this same group of players swaying the flow in the Dated market
The Jan’25 RBOB futures contract weakened from an intraday high of nearly $2.05/gal on 22 Nov to $1.90/gal on 06 Dec. The contract found support here and climbed to $1.96/gal on 10 Dec (at the time of writing). The Feb’25
The Feb’25 Brent futures contract saw strength this afternoon, increasing from $71.80/bbl at 12:00 GMT up to a touch above $72.50/bbl at 17:50 GMT (time of writing). In the news today, Equinor stated that the start-up of their Johan Castberg
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in LPG and high sulphur fuel oil. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven
