Please note that there will be a hiatus in the publication of reports between 22nd December and 2nd January due to the Christmas period. Reports will be published as normal from Monday 5th January 2026.
The Feb’25 Brent futures flat price traded around the $73.30/bbl level overnight Monday before falling by nearly 50c and below $73/bbl within half an hour, trading $72.94/bbl at 10:00 GMT. In the news, a second drone attack in a week
Feb’25 Brent futures failed to break through support at $72.00/bbl throughout this afternoon and rose to $73.00/bbl at 1720 GMT (time of writing). Kremlin spokesman Dmitry Peskov warned that potential G7 sanctions on Russia’s oil industry could destabilise global energy
The front-month (Feb’25) Brent is on track for a weekly decline, as price action has fallen by 2% to $72.50/bbl by 13:30 GMT (time of writing). Various factors have pressured crude prices this week, including more hawkish signals from the
Feb’25 Brent futures softened from $72.55/bbl at 0600 GMT to $72.20/bbl at 10:30 GMT (time of writing). The Financial Times reported today that Shell secured Nigerian government approval for a $2.4 billion onshore and shallow-water asset sale to Renaissance Group
Feb’25 Brent futures fell from $73.70/bbl at 13.30 GMT to $72.70/bbl at 17:00 GMT. A US government shutdown is looming as Congress scrambles to pass a stopgap bill, despite opposition from President-elect Donald Trump, according to Fox News. Economic data
The Feb’25 Brent futures flat price came off to the $73/bbl level overnight before rising to $73.36/bbl by 10:00 GMT (time of writing). Price action is slightly lower following the Fed’s rate cut, as policymakers signalled a more hawkish stance
The LPG market was relatively uneventful in December, with more of the same in many markets. Going into the festive period, there is a sense of normality in the markets compared to the supply tightness concerns from Panama Canal logistical
The Feb Brent Futures contract has seen mixed price action this afternoon, trading up to a high of $74.12 at 16:10 GMT before retracing to $73.61/bbl where it sits at the time of writing, as EIA data highlighted that crude
The Feb Brent Futures contract saw renewed strength in price action this morning, steadily rising from $73.28/bbl at 07:00 GMT to trade at $73.70/bbl at the time of writing (10:20 GMT); API statistics highlighted a moderate draw in crude by
The Feb’25 Brent futures flat price came off from the $73.20/bbl handle on Tuesday afternoon. Price action fell to lows of $72.50/bbl before recovering to $72.88/bbl by 17:20 GMT (time of writing). In the headlines, the UK imposed new sanctions
The naphtha complex saw a strong start of the month before the buying in the East appeared overdone, and the propane and petchem market was also more tepid, although the naphtha market in Europe outstripped propane. The market in both
Brent/Dubai has continued its downward grind, with the M1 contract falling to its lowest level since July. The Jan’25 contract reached lows of $0.10/bbl on 17 Dec, while the entire forward curve has shifted lower in an orderly fashion. The
December has continued to see strong buying in the physical windows from a range of players, with 34 convergences so far in December. The main seller so far this month has been Equinor. Totsa has been a keen buyer of
The Feb Brent Futures contract has seen mixed price action this morning, rising up to $74.10/bbl at 07:00 GMT before correcting down to $73.40/bbl at the time of writing (10:50 GMT). In headlines, two Russian oil tankers ran aground in
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in fuel oil and distillates swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
