
Overnight & Singapore Window: Brent Sees Resistance Above $75/bbl
The Jan’25 Brent futures contract has softened from $75.30/bbl, seen at 01:10 GMT today, to $74.80/bbl (as of 10:35 GMT, time of writing).
Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
The Jan’25 Brent futures contract has softened from $75.30/bbl, seen at 01:10 GMT today, to $74.80/bbl (as of 10:35 GMT, time of writing).
The M1 Henry Hub natural gas futures rallied to $3.563/MMBtu on 22 Nov, although the benchmark natural gas futures contract appears to be meeting resistance at this level. According to LSEG, the amount of gas flowing to the seven big
The Jan’25 Brent futures contract was supported this afternoon, moving up more than $1 from $73.80/bbl at 12:00 GMT to $75.05/bbl at 17:35 GMT (time of writing). Geopolitical tensions remain at the forefront as Ukraine’s ex-military Commander-in-Chief Valery Zaluzhny stated
The Jan’25 Brent futures contract strengthened this morning from $74.20/bbl at 07:00 GMT up to just over $74.80/bbl at 08:15 GMT. We saw a decline to $74.18/bbl by 09:15 GMT, however, recovered to around $74.40/bbl at 10:45 GMT (time of
The Jan’25 Brent futures contract declined from an intraday peak of $74.37/bbl at 12:30 GMT down to $73.55/bbl at 17:40 GMT (time of writing). In the news today, China is projected to import around 11.4mb/d of crude oil in November,
This week has seen a battle between bullish and bearish forces, kicking off with a focus on poor Chinese oil demand as China’s refinery run rates fell for the seventh month in a row, down 4.6% y/y. Moreover, China’s VAT
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 Brent futures contract saw sustained strength this morning, increasing from $73.25/bbl at 07:00 GMT up to $73.95/bbl at 10:55 GMT (time of writing). Geopolitical risk was elevated as Russia fired an intercontinental ballistic missile at the southern city
The Jan’25 Brent futures contract declined this afternoon after initial strength, moving from $73.60/bbl at 12:00 GMT up to $73.93/bbl at 14:00 GMT, before falling to $72.90/bbl at 17:40 GMT (time of writing). Crude oil prices fell to the $73/bbl
Middle Eastern propane (C3 CP) drove bullish sentiment in the propane market as CP attracted sticky buying despite lower crude. This was aided by a strong CP settlement and improved demand from India during its festival season. As a result,
The Jan’25 Brent futures contract rose this morning from $73.30/bbl at 07:00 GMT up to a high of $73.92/bbl at 09:20 GMT, before falling back down to $73.50/bbl at 10:40 GMT (time of writing). This morning, a Reuters report citing
Over the past week, the Dated Brent market has been undoubtedly bullish as physical differentials rose from 34c on 11 Nov to 110c on 18 Nov. There has been strong bidding in the physical windows with Petroineos a big bidder
The Jan’25 Brent futures contract strengthened this afternoon from $72.95/bbl at 12:00 GMT up to $73.35/bbl at 17:45 GMT (time of writing). Crude prices were volatile this afternoon, rising to $73.85/bbl at 15:25 GMT and steeply selling off to $72.85/bbl
The naphtha market has struggled over the past two weeks, with poor performance observed across both European and Asian complexes. We saw flows primarily skewed towards the sell-side, with trade houses and refiners being key sellers in the NWE crack
November continues to be a lacklustre month in the Brent/Dubai complex as market participants gradually retreat and become more risk-off leading up to Christmas. Glance no further at open interest levels where market risk is focused in the front tenors
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