Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
In the early hours of Saturday, Israel launched a series of targeted airstrikes on Iranian military targets, killing 4. This move has temporarily eased the oil market’s anxieties, which have been high on Middle Eastern tensions and the geopolitical risk
In the week ending 22 October, Brent and WTI futures both saw relatively rangebound price movements as the market grappled with fluctuating geopolitical risk sentiment and sluggish Chinese oil consumption. In terms of positioning, money managers got increasingly shorter. Until
After selling off overnight to around $72.25/bbl following Israel’s Friday night retaliation against Iran for their 01 Oct attack, the Jan’25 Brent futures contract has seen further weakness this morning, moving from $72.55/bbl at 07:00 GMT down to $71.10/bbl at
The Dec’24 Brent futures contract saw consistent support this afternoon, moving from $74.88/bbl at 12:00 BST up to $76.00/bbl shortly before 17:00 BST, before weakening slightly to $75.60/bbl at 17:20 BST (time of writing). Price action saw upward pressure this
LNG prices continue to be affected by a regional escalation of the war in Gaza over the past fortnight….
The Dec’24 Brent futures contract saw sustained strength this morning, trading at $75.73/bbl at 07:00 BST and moving up to $76.50/bbl at 11:10 BST (time of writing). Price was supported amid intensifying regional conflict in the Middle East and reports
Dec’24 Brent futures rose from $73.20/bbl at the start of the week to $76.50/bbl on 24 Oct morning but not without volatility. The benchmark crude futures contract shot up to $76/bbl on 22 Oct before selling off the next day
The Dec’24 Brent futures contract initially showed strength this afternoon, trading at $74.60/bbl at 12:00 BST and moving up to $75.70/bbl at 15:20 BST, however, sold-off to $74.80/bbl at 17:20 BST (time of writing). Dec’24 flat price sold-off shortly after
The Dec’24 Brent futures contract saw sustained strength this morning, trading at $75.73/bbl at 07:00 BST and moving up to $76.50/bbl at 11:10 BST (time of writing). Price was supported amid intensifying regional conflict in the Middle East and reports
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 Dec’24 Brent futures contract initially showed strength this afternoon, trading at $74.60/bbl at 12:00 BST and moving up to $75.70/bbl at 15:20 BST, however, sold-off to $74.80/bbl at 17:20 BST (time of writing). Dec’24 flat price sold-off shortly after
Propane flat price contracts took a significantly bearish turn at the start of the fortnight ending 22 Oct as the geopolitical risk premia from the regional escalation of tensions in the Middle East waned….
The Dec’24 Brent futures contract saw weakness this morning, trading at $75.93/bbl at 07:00 BST and falling to $75.10/bbl at 11:10 BST (time of writing). After the release of API figures yesterday evening, showing US crude oil stocks rose far
The naphtha market witnessed a bearish shift in sentiment over the past fortnight, driven by dissipating geopolitical risk premia and deteriorating demand narratives ahead of the Northern Hemisphere winter.
The Brent/Dubai market saw another tumultuous fortnight that ultimately resulted in an upwards shift in the prompt tenors. Cal25 has been comfortably supported at the $1/bbl level. However, the main story has been in the front, where the Nov’24 Brent/Dubai
