Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
The Dec ’24 Brent futures contract witnessed a strong afternoon, recording a 2.5% increase to $80.80/bbl between 14:00 BST and 17:00 BST before softening a little to $80.70/bbl as of 17:35 BST (time of writing). T
Brent/Dubai witnessed a turbulent week despite the quiet backdrop of Golden Week in China. The complex first saw support towards the end of September amid news of a long-awaited stimulus package announced by the People’s Bank of China on 24
Over the past week, the Dated Brent market has been volatile and at the mercy of Brent futures momentum. Structure has firmed and weakened alongside the fluctuations of the futures market, where the increasing geopolitical risk premium and the perceived
Amid choppy price action this morning, the Dec’24 Brent futures contract weakened a touch from $79.65/bbl at 07:00 BST to $79.43/bbl at 11:50 BST (time of writing). After briefly trading above the $80/bbl level yesterday, the contract saw less support
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in crude, distillates, and naphtha swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
The Dec ’24 Brent futures contract witnessed a strong afternoon, recording a 2.5% increase to $80.80/bbl between 14:00 BST and 17:00 BST before softening a little to $80.70/bbl as of 17:35 BST (time of writing). T
Much To Do About China – Front-month ICE Brent futures shifted gears twice, moving into a lower trading range in September, with Brent pricing still very much at the mercy of the macro sentiment, centred on China. At the peak
For the week to 01 Oct, money-managed positions saw mixed interest across Brent and WTI crude futures, while price action in both futures contracts found support this week. We saw combined money managed long positioning in Brent and WTI futures
The Brent futures complex saw a substantial rally over the past week as price action surged on heightened geopolitical risk. Following Israel’s expansion of the war into Lebanon, Iran deployed ballistic missiles toward Israel on 1 October, marking a substantial
Powered by Volatility The Dec’24 Brent futures contract fell below $78.00/bbl on Friday evening but again rallied to $79.65/bbl on 07 Oct at 10:40 BST (time of writing). Volatility remains elevated in the benchmark crude futures contract, leading us to
The Dec’24 Brent futures contract firmed up this morning, strengthening from $77.80/bbl at 07:00 BST to $79.85/bbl at 11:20 BST (time of writing). Price action saw upward movement amid US strikes on Houthi rebels in Yemen over the weekend, alongside
The Dec’24 Brent futures flat price recovered this afternoon after initial weakness, amid Iran’s threat to target Israeli gas infrastructure should conflict erupt. The Dec’24 contract traded at $78.63/bbl at 12:00 BST and dipped to $77.84/bbl around 13:20 BST, before
In high sulphur fuel oil, we saw some greater strength in the European HSFO complex. The Oct’24 3.5% Barges crack climbed from -$13.55/bbl on 2 Sep to -$9.05/bbl by 19 Sep, fuelled by trade houses adding 535kb of longs and
Turbulent Times Ahead On Monday, we predicted the Dec’24 Brent futures to finish the week between $69-74/bbl amid an oversupplied oil market. However, the futures contract witnessed an injection of bullish sentiment due to growing concerns regarding the regional escalation
The Dec’24 Brent futures contract found strong support this morning, trading at $77.50/bbl at 07:00 BST and strengthening to around $78.94 at 11:45 BST (time of writing). Price action began moving upward shortly after 08:00 BST amid Israeli airstrikes in
