Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
Nov’24 Brent Futures flat price saw a volatile afternoon but ultimately weakened, trading at $72.67/bbl at 12:00 BST and spiking to $73.21/bbl at around 15:25 BST, followed by a descent to $72.26/bbl at 17:30 (time of writing). The sell-off may
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 found support this morning after a relatively quiet night, trading at $72.40/bbl at 07:00 BST before it saw resistance at $72.75/bbl around 10:50 BST and eased off to the $72.70/bbl level at 11:20 BST (time
Nov’24 Brent Futures flat price initially dipped this afternoon, decreasing from $71.72/bbl at 12:00 BST down to a low of $71.08/bbl at 14:55 BST, before sharply rallying up to the $72.28/bbl handle at 17:30 BST (time of writing). The increase
Things that remind me of the 60s: tie-dye, flower crowns, the space race, psychedelics, and the front-month Brent futures contract. Bearish sentiment almost appeared omnipresent this week in Brent, with the prompt Nov’24 futures contract dipping below $70/bbl for the
The November Brent Futures contract has seen stronger price action this morning, reaching a peak around $71.86/bbl at 08:30 BST before retracing slightly and again rallying up to trade at $71.83/bbl at the time of writing (11:20 BST), as major
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
Nov’24 Brent Futures flat price initially declined this afternoon from $70.60/bbl at 12:00 BST down to a low of $69.06/bbl at 15:50 BST, testing the key psychological support level of $70/bbl again before rebounding up and touching $70.90/bbl at 17:40
International propane continued to see bullish interest this fortnight, although this strength was more reflected in spreads than in flat price, with the latter drifting lower in line with the weakness in crude. This strength in spreads was most pronounced
The November Brent Futures contract has seen a stronger morning, steadily climbing to $70.84/bbl at the time of writing (11:20 BST) following the sharp sell-off yesterday, amid expectations that Hurricane Francine may disrupt oil and gas production in the Gulf
Nov’24 Brent futures flat price has plunged below $70/bbl this afternoon for the first time since December 2021, pricing at $71.20/bbl at 12:00 BST and reaching a high of $71.81/bbl at 14:30 BST, before diving down to $68.97/bbl at 17:30
The Dated Brent market has weakened significantly this past week as physical sentiment deteriorated alongside a troubled futures market. At the time of writing, the Nov’24 Brent futures contract has fallen below $70/bbl for the first time since November 2021.
Light crude, not-so-light selling. That has been the spotlight in Brent/Dubai over the past week, with the Oct’24 contract descending from over $1/bbl at the end of August to $0.50/bbl on 10 Sep (at the time of writing).
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in fuel oil and gasoline swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
The November Brent futures contract has seen a weak morning, falling from $71.70/bbl at 07:00 BST to $70.78/bbl levels at 11:20 BST (time of writing). In headlines, Exxon Mobil has withdrawn from bidding on Galp Energia’s 40% stake in Namibia’s
