Futures Report: Is Crude Olympic-ing up More Bears?
July 29, 2024
We saw softer prices for the October Brent futures, ICE gasoil futures and US RBOB gasoline futures this week…
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.
Butaneflation – What kept US butane up in June?
July 29, 2024
It has been an unusual year for the oil market. Gasoline, usually a blessing for sentiment in the summer, has been lacklustre throughout June and into July. On the other hand, wintertime performers like propane and butane have seen incredible
CFTC Weekly: Oil Futures Bulls Get Ganked
July 29, 2024
It was a risk-off week in the global crude benchmarks as money managers reduced long positions and added short positions. Preceded by five consecutive weeks of increases, long positions declined by 46.9mb (-8%). Meanwhile, short positions increased by 12mb (+8%).
Overnight & Singapore Window: October Brent softens below $80/bbl
July 29, 2024
The October Brent futures flat price contract climbed to $80.85/bbl around 07:35 BST but simmered off $80.05/bbl at 10:40 BST. The benchmark crude futures contract found support at this level and currently sits at $80.20/bbl at 11:25 BST (time of
Daily Trade Idea: 29/07/2024
July 29, 2024
Long Aug/Sep 0.5% Sing We saw some support on Friday which pushed the spread up to $8.00. This morning Aug/Sep dropped to $7.50, however we believe that the price will resume its upward trend.
European Window: Oct’24 Brent Rises Back Above $80/bbl
July 26, 2024
The October Brent futures flat price has had an extremely mixed afternoon, initially falling from $81.15/bbl at 12:00 BST to the afternoon’s low of $79.45/bbl at 15:35 BST, before it then saw a retracement up to $80.20/bbl, where it sits
Fuel Oil Report – 380 E/W Wins the Gold!
July 26, 2024
In HSFO over the past fortnight, we saw price action appear fairly unsettled alongside enduring relative Asian strength.
Overnight & Singapore Window: Brent on track for third weekly decline
July 26, 2024
The October Brent futures contract has been consistently declining all morning, falling from $81.60/bbl at 07:50 BST to $81.05/bbl as of 11:20 BST (time of writing)….
Harry Tchilinguirian – Onyx’s fundamentals eminence on OPEC+
July 25, 2024
“OPEC+ will need to maintain its current voluntary restraint to balance out growth… This will help prevent global balances from weakening at year-end and preserve a price floor at around $80 a barrel.” – Harry Tchilinguirian Follow Harry on X
European Window: Oct’24 Brent briefly dips below $80/bbl
July 25, 2024
The soon-to-be-prompt October Brent futures contract dipped to $79.55/bbl at 14:00 BST, where it found support and climbed to $81.10/bbl as of 17:35 BST (time of writing)
Trader Meeting Notes: The Big Barf Theory
July 25, 2024
It’s the dawn of a new era in oil and everywhere else. US President Joe Biden stepped down to pave the way for a Trump vs Harris election riddled with all things Brat and Hannibal Lecter. In oil, the September
Overnight & Singapore Window: Brent Falls to $80.28/bbl
July 25, 2024
The Sep’24 Brent futures flat price has been under downward pressure this morning, falling from $81.40/bbl at 09:25 BST to $80.28/bbl at 11:35 BST (time of writing).
Daily Trade Idea: 25/07/2024
July 25, 2024
Long Aug 3.5 barge crack Structure-wise we have seen Barge cracks create a higher low and starting to push up, its recovering from the oversold territory on the RSI indicating for a potential bullish push, alongside market participants are positioned
CFTC Predictor: Bears Breaking Out…?
July 25, 2024
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
European Window: Brent Rallies alongside EIA Draw
July 24, 2024
The September Brent futures contract weakened to $81/bbl at 16:05 BST, where it found support and sharply rallied to $82.20/bbl at 16:35 BST. The benchmark crude futures contract has since simmered off to $81.90/bbl as of 17:15 BST (time of
