Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
The Aug25 Brent futures contract fell off slightly to $66.54/bbl at 10:12 BST before rallying to $67.75/bbl at 11: 35 BST(time of writing). In the news, the Kremlin criticised the European Commission’s proposal to lower the G7 price cap on
The M1 Brent futures contract recorded more support this week, climbing from a weekly nadir of $64.50/bbl on 3 Jun to $67.45/bbl at the time of writing on 10 Jun, its highest level since 23 April.
The Aug’25 Brent futures contract slightly fell off to $67.13/bbl before rallying to $67.95/bbl at 16:35 BST. Prices have since softened to $67.47/bbl at 17:45 BST (time of writing). In the news, US-China trade talks continue in London, President Trump
Well, the bull run did happen, and it was the perfect storm. Peak summer demand. Backwardated prompt spreads. Refineries are back from maintenance. Gold rush. The Dated structure saw a good rally with Total bidding the physical, and the June
The Aug’25 Brent crude futures reached a daily low of $66.95/bbl at 08:45 BST before it was more supported to $67.25/bbl at 11:30 BST (time of writing). The European Commission is planning to propose a fresh set of sanctions against
The Aug’25 Brent futures contract fell to $66.32/bbl at 14:36 BST before rallying to $67.06/bbl. Prices have since softened to $66.63/bbl at 17:40 BST (time of writing). In the news, OPEC’s oil output rose by 150 kb/d in May, reaching
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in Crude and Distillate swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods
London Calling Last week, the front-month Brent futures contract recorded its first w/w increase in three weeks, with the contract closing above $66/bbl for the first time since 26 April. At the time of writing, the M1 Brent futures contract
The Aug’25 Brent crude futures opened at $66.40/bbl on Monday morning, found support at $66.10/bbl and climbed to $66.60/bbl by 11:00 BST (time of writing). In the news, Venezuela plans a 50% fuel price hike to $0.75/litre as it scrambles
In the week ending 3 June, crude oil futures (Brent and WTI) saw a rangebound performance. Money managers increased their length for the fifth consecutive week, rising by 41.1mb (+9%), with overall long positions sitting at their highest level since
The Aug’25 Brent futures contract strengthened from $65.25/bbl around 13:00 BST this afternoon to $66.48/bbl at 14:40 BST, where it met resistance. Despite finding resistance at this level again at around 15:40 BST, the M1 futures contract ultimately climbed to
In High Sulphur Fuel Oil (HSFO), Singapore 380 cst recorded a volatile fortnight, with the Bal-Jun’25 380 East/West (Singapore 380 cst vs 3.5% Rotterdam barges) was sold off from a high of $24.75/mt on 23 May to a low of
Aug ’25 Brent futures slumped overnight to reach $64.90/bbl at 08.30 BST before rising to $65.35/bbl at 11.30 BST (time of writing). Prices are on track for the first weekly gain in three weeks. Equinor has announced Norway’s Mongstad oil
Unbearably Bearish would aptly describe the naphtha market, as sentiment deteriorated while weakness filtered into the cracks. There is an expectation of more supply coming online as refineries come out of maintenance, while petrochemical demand remains weak. The front NWE
May’s end brought with it the usual harbingers of OPEC+ rumours. With the meeting now out of the way following a baseline hike of 411kb/d in June, the M1 Brent futures contract has stabilised around $65/bbl despite briefly selling off
