Reports

Industry-leading market insights. Get daily, weekly and monthly reports from Onyx Research, featuring expert analysis and interactive graphs. ​

Naphtha & Gasoline reports

Please note that these reports will now be published every Thursday.

Brent Review: 1st November 2024

The Risk Premium Rises (Again) On Monday, we held a bearish view of the Jan’24 Brent futures contract and forecast it to end the week between $68-71/bbl. While the futures contract did weaken to an intraday low of $70.28/bbl on

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European Window cover

European Window: Brent Supported At $72.75/bbl

After rallying this morning, the Jan’25 Brent futures contract saw continued strength this afternoon, moving from $72.65/bbl at 12:00 GMT up to $73.23/bbl at 15:25 GMT, however, price tapered off to $72.75/bbl by 18:05 GMT (time of writing). Crude oil

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Trader Meeting Notes

Trader Meeting Notes: Taxes, Tensions and Trash Trucks

Brent gapped down on the open on Monday as a chunk of geopolitical risk was removed following a bearish market reaction to Israel’s attack on Iranian military bases. US-backed ceasefires continue to bring some hope, and geopolitical tensions are semi-resigned

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European Window cover

European Window: Brent Rises To $72.35/bbl

The Jan’25 Brent futures contract strengthened this afternoon, increasing from $71.90/bbl at 12:00 GMT up to $72.35/bbl at 17:45 GMT (time of writing). Price spiked 75c up to $72.65/bbl shortly before 12:30 GMT amid an OPEC+ announcement that the oil

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Overnight & Singapore Window: Brent Strengthens To $71.80/bbl

The Jan’25 Brent futures contract strengthened marginally this morning, moving from $71.70/bbl at 07:00 GMT to touch $71.80/bbl at 10:30 GMT (time of writing). Price action was volatile this morning alongside fluctuating geopolitical risk premia, spiking to almost $72.10/bbl around

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Dated Brent report cover

Dated Brent Report – Strength in Chaos

The Brent futures market was taut in anticipation and volatility last week as the leak of intelligence about the, at the time, looming Israeli strike on Iran meant that the waiting game would have to continue, and there were fewer

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European Window cover

European Window: Brent Falls To $70.60/bbl Level

Jan’25 Brent futures flat price weakened this afternoon, falling from around $71.90/bbl at 12:00 GMT and finding a floor around $70.30/bbl at 15:30 GMT before rising to $70.68/bbl at 17:30 GMT (time of writing). Crude oil prices faced downward pressure

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Gasoline report

Gasoline Report: Mo(re)-gas

It was two weeks of retracement for the gasoline complex, with the supply situation improving in the Atlantic Basin. Previously, bullish factors, including supply tightness in the Mediterranean, demand-pull from West Africa (WAF), and US demand, had supported the market.

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Onyx Alpha report cover

Onyx Alpha: Inflection Point

Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in gasoline and high sulphur fuel oil swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and

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European Window cover

European Window: Brent Weakens To $71.35/bbl

The Jan’25 Brent futures saw an interesting trend this afternoon as price action initially rose from the $71/bbl level at 13:00 GMT, creating a triple top pattern near $71.90/bbl before falling lower to $71.35/bbl by 17:30 GMT (time of writing).

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Brent Forecast: 28th October 2024

The Market Resets Oil prices finally saw a cooling of the geopolitical risk premia tied to fears of an Israeli attack on Iranian oil and nuclear infrastructure, with the soon-to-be-prompt Jan’25 Brent futures contract falling from a close of $75.62/bbl

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