LPG Report: Everyone’s got a Trump card
November 6, 2024
Key propane benchmarks over the past fortnight have seen a mixed bag of price movements in the fortnight leading up to 05 Nov.
Reports
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Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
Overnight & Singapore Window: Brent Strengthens To $75.40/bbl Amid Trump Victory
November 6, 2024
The Jan’25 Brent futures contract strengthened this morning from $74.30/bbl at 07:00 GMT up to $74.58/bbl at 10:50 GMT (time of writing). Price action was choppy this morning as traders adjust their positions in light of US President Trump’s victory
Naphtha Report: Riding the Asian Wave
November 5, 2024
The naphtha market has been resilient and strong into the end of October with the dips bought into well and the strong gasnaph selling flows supporting the complex further. It will be interesting to see how this strength will be
Dubai Market Report – Sweet and Sour (Fundamentals)
November 5, 2024
The key detail this fortnight has been the dichotomy between the Bal-Nov/Dec’24 and the Dec/Jan’25 Brent/Dubai boxes. The Balmo box initially saw trade house and producer selling, taking it down 12c d/d at the start of November to $0.15/bbl.
European Window: Brent Strengthens To $75.50/bbl
November 5, 2024
Jan’25 Brent futures flat price saw further support this afternoon, increasing from $75.35/bbl at 12:00 GMT up to $75.95/bbl at 17:30 GMT, before falling to $75.50/bbl around 18:00 GMT (time of writing). Crude oil prices were supported amid potential short
Dated Brent Supplementary Report – One Last Bullish Hurrah
November 5, 2024
Over the past week, the Dated Brent market has been undoubtedly bullish as physical differentials rose from $0.28/bbl to $0.55/bbl between 28 Oct to 4 Nov. Petroineos have been consistent bidders, whilst Geneva-based trade houses were bidding Forties, lending support
Onyx Alpha: Fuel for Thought?
November 5, 2024
OCTOBER MONTHLY REVIEW EDITION – Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in crude oil and gasoline swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on
Overnight & Singapore Window: Brent Supported At $75.40/bbl
November 5, 2024
The Jan’25 Brent futures contract saw strength this morning, trading from $75.05/bbl at 07:00 GMT up to $75.39/bbl at 10:45 GMT (time of writing). Crude oil prices have been supported amid potential for Hurricane Rafael to disrupt 4mb/d of oil
Oil Monthly Report: Waiting on Uncle Sam
November 4, 2024
30 page report
Waiting on Uncle Sam – ICE Brent briefly moved above $80/bbl in early October as Iran, for a second time since April, took aim at Israel, launching some 200 ballistic missiles, exposing holes in Israel’s Iron Dome defence system. Israel
European Window: Brent Supported At $75/bbl
November 4, 2024
The Jan’25 Brent futures contract initially saw weakness this afternoon, trading from $75.25/bbl at 12:00 GMT down to $74.30/bbl around 15:50 GMT, before recovering to $75.15/bbl at 17:45 GMT (time of writing). Despite profit-taking flows, prices overall have been supported
CFTC Weekly: Bulls In Brent Deflate
November 4, 2024
In the week ending 29 October, Brent and WTI futures inched up but then saw pressure as they gapped down on 28 Oct as the risk premia built into their flat prices saw a significant reduction due to the
Brent Forecast: 4th November 2024
November 4, 2024
Brent crude futures have been trading higher at the start of November, with prices in the Jan’25 contract trading above $74/bbl as of Monday morning. Price action was supported as market participants remain on edge over the conflict in the
Futures Report: America’s Choice
November 4, 2024
The Jan/Feb’25 Brent futures spread recovered from an intraday low of $0.30/bbl on 29 Oct to an intraday high of $0.46/bbl on 01 Nov, where it met resistance. This recovery emerged amid Iran threatening to retaliate against Israel’s attack, injecting
Overnight & Singapore Window: Brent Finds Strength At High $74/bbl Levels
November 4, 2024
After rallying at market open this week from $72.90/bbl on 01 Nov to $74.35/bbl last night, the Jan’25 Brent futures contract showed steady support this morning, climbing from $74.40/bbl at 07:00 GMT up to $74.70/bbl just after 10:40 GMT (time
European Window: Brent Futures Declines to $73.30/bbl
November 1, 2024
The Jan’25 Brent futures contract weakened this afternoon, moving from the $74.30/bbl level at 12:00 GMT down to $73.30/bbl at 17:30 GMT (time of writing). Crude oil prices sold-off 80c just after 14:20 GMT, declining to $73.47/bbl at 14:50 GMT,
