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.

Trader Meeting Notes

Trader Meeting Notes: Cosinusoidal Crude

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

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CFTC Weekly cover

CFTC Predictor: The Bull of Oil Street

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

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European Window cover

European Window: EIA Stats Support Brent

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

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Dubai Market Report – Everything Has Changed

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

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Naphtha report

Naphtha Report: The Cream of The Crop-J

The international naphtha market continued to see shocking strength unfold. There has been decent buying in the NWE naphtha spreads, compared to the likely profit-taking flow in the East, although both markets have been quite quiet in the fortnight. Weaker

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European Window cover

European Window: Brent Weakens Below $80/bbl

The October Brent futures flat price suffered a setback on Tuesday afternoon as its sell-off accelerated following the US open. Price action fell from the $81/bbl level at 12:00 BST to lows of $79.63/bbl by 17:25 BST (time of writing).

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Onyx Alpha report cover

Onyx Alpha: Crude Behaviour

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

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Brent Forecast: 26th August 2024

We expect Nov’24 Brent futures to end the week trading between $78/bbl and $82.00/bbl in what continues to be a range-bound market, albeit the range is likely to be slightly wider than in recent weeks. Given the excitement around the

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CFTC Weekly: Second Breakfast

The bullish sentiment in crude was short-lived as money managers reverted to getting shorter in the crude futures benchmarks in the week ending 20 August. Sentiment in crude futures has become increasingly bearish on a combination of factors. The geopolitical

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Futures Report: How Soft Is The Landing?

Last week, Brent futures slipped in the first half of the week and the market priced in an Israel-Hamas ceasefire, which did not materialise. Prices were then supported as the Fed meeting in Jackson Hole some dovish hope into the

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