Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
Money managers were more bullish in the crude futures benchmarks in the week ending 27 August. In both Brent and WTI futures we saw an addition of long positions and a liquidation of short positions. Bullish sentiment was boosted in
Nov’24 Brent futures flat price showed volatility this morning, rallying from $76.37/bbl at 07:00 BST to $77.18/bbl at 10:15 BST, before steeply declining to $76.80/bbl at 11:00 BST (time of writing). In the news today, Guyana raised their 2024 GDP
Show Me the Demand! The Nov’24 Brent futures contract was trading at around $77.05/bbl at 09:00 BST (time of writing), and we expect it to end the week trading between $75-78/bbl. Amid the varying factors impacting the benchmark crude futures,
The Nov’24 Brent futures contract recorded a weaker afternoon ahead of Oct’24 Brent’s expiry today. The Nov’24 flat price dropped from $79/bbl at noon to $76.70/bbl at 15:00 BST. Prices found more support here and firmed up to $77.25/bbl at
Jakarta, August 30, 2024 – Jakarta Futures Exchange (JFX) signed a Memorandum of Understanding (MOU) with Onyx Capital Group to develop new energy products. The new futures contracts will be jointly designed and managed. The MOU signing ceremony took place
QatarEnergy’s joint venture, which aims to convert the Golden Pass LNG import terminal in Texas into a large-scale export facility, has requested a three-year extension from US authorities to complete the project by 30 November 2029
Nov’24 Brent futures flat price was volatile this morning, strengthening from $79.14/bbl at 07:00 BST to a high of $79.49/bbl at 08:25 BST before declining to $78.81 at 11:20 BST (time of writing). In the news today, OPEC’s secretary general
Nov’24 Brent futures flat price rallied this afternoon, increasing from $77.72/bbl at 12:00 BST to a high of $79.55/bbl at 15:00 BST before coming to rest around $78.47/bbl at 17:45 BST (time of writing). In the news, Typhoon Shanshan hit
In this week’s crude pendulum, we swung above $80 and back down again in a (co)sinusoidal fashion. Range trading seems to be the play here, and the trend-latching CTAs would have likely been well rewarded. The amount of outright managed
The October Brent Futures contract has seen a volatile morning, trading from $78.90/bbl around 08:45 BST to a low of $78.12/bbl at 10:00 BST before rallying back up to print at $78.68/bbl, at the time of writing (11:30 BST). In
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
This afternoon, Nov’24 Brent futures flat price showed upward movement from $77.30/bbl at 12:00 BST to $77.90/bbl at 17:00 BST (time of writing). During this time, prices were volatile with a rally to $78.16/bbl, a marked decline to $77.36/bbl at
Sentiment largely improved this fortnight in Asian LPG, with the Oct/Nov Far East (FEI) propane spread surging up from -$3/mt on 14 Aug to $1.50/mt on 27 Aug.
This morning, the October Brent Futures contract has seen a steep decline from highs of $79.70/bbl at 07:55 BST down to $78.35/bbl at the time of writing (11:30 BST). In headlines, an oil depot in the Russia’s southern Rostov region
It was a paradigm shift in the Brent/Dubai crude market as the orderly downtrend in Brent/Dubai gave way to a mighty rally on 26 August following Brent’s rally on the Libyan supply disruption news. The Sep’24 Brent/Dubai widened from $0.30/bbl
