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.

European Window cover

European Window: Brent Softens to $65.45/bbl

The Aug’25 Brent futures contract rallied to $65.84/bbl at 14:38 BST before softening to $65.45/bbl at 17:30 BST (time of writing). In the news, US President Donald Trump and China’s Xi Jinping agreed to resume trade talks amid renewed tensions

Read More

Overnight & Singapore Window: Brent Above $65/bbl

The Aug’25 Brent futures contract saw a volatile morning, with prices between $64.91/bbl and $65.20/bbl. At 11:10 BST (time of writing), prices were at $65.19/bbl. In the news, Trafigura reported a 3% rise in net profit to $1.52B for the

Read More
CFTC Weekly cover

CFTC Predictor: Counter-seasonal support in gasoil

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

Read More
Naphtha report

Naphtha Report: Unbearably Bearish

Unbearably Bearish would aptly describe the naphtha market, as sentiment deteriorated while weakness filtered into the cracks. There is an expectation of more supply coming online as refineries come out of maintenance, while petrochemical demand remains weak. The front NWE

Read More

LPG Report: Stocking Up…

US LPG production remained robust above 2.8mb/d, with export volumes fluctuating between 1.6mb/d and 2.1mb/d, driving stock build variations. Early in the month, LST was well supported by a rebound in FEI and strong hedging demand, especially in Cal LST

Read More
European Window cover

European Window: Brent Recovers to $64.69/bbl

The Aug’25 Brent futures contract traded between $65.14/bbl and $65.91/bbl for most of the afternoon. The contract fell to $64.48/bbl at 16:18 BST but has slightly recovered to $64.69/bbl at 17:30 BST (time of writing). In the news, US crude

Read More

Overnight & Singapore Window: Brent Sub-$66/bbl

The Aug’25 Brent crude futures rose to $65.95/bbl which proved to be a level of resistance as prices failed for the second time to breach this level after failing initially last night. Prices dropped to $65.65/bbl by 11:30 BST (time

Read More
Technical Analysis report cover

Technical Analysis Report: Into the Cloud

M1 Brent futures continued to trade in a narrow range around $65/bbl over the week. On the upside, the immediate resistance lies at $67/bbl, aligning with the upper Bollinger Band, the top of the May price range, and the late-April

Read More
European Window cover

European Window: Brent Softens to $65.66/bbl

The Aug’25 Brent futures contract rallied all afternoon to $65.86/bbl at 17:11 BST, but has since softened a little to $65.66/bbl at 17:40 BST (time of writing). In headlines, Venezuela’s May oil exports held steady at ~779kb/d, with rising shipments

Read More
Dated Brent Update cover

Dated Brent Supplementary Report – Bullish Payoff

The Dated market saw an exceptional rally to start June as the physical received strong bids. There was stronger demand from European refiners returning from maintenance, with just over 1mb/d of unused capacity expected to be reduced from May to

Read More

Overnight & Singapore Window: Brent Sub-$65/bbl

The Aug’25 Brent futures reached $65.23/bbl at 02.00 BST before softening to $64.80/bbl at 11.50 BST (time of writing). The Dollar Index slid to a six-week low of 98.16, marking a 3.3% drop since mid-May amid continued weakness. Venezuela’s oil

Read More
European Window cover

European Window: Brent Bounces Back to $65.05/bbl

The Aug’25 Brent futures contract initially continued rallying up to $65.68/bbl at 14:15 BST, but then fell off to $64.50/bbl at 15:02 BST. Prices have since recovered to $65.05/bbl at 17:30 BST (time of writing). In the news, Kazakhstan’s Kashagan

Read More
Onyx Alpha report cover

Onyx Alpha: Review of May’s Trades

Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in Crude and Distillate swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods

Read More