LNG Market Report: Car-no-goes
July 19, 2024
A US court ordered federal regulators to reassess the impact of greenhouse gas emissions from Commonwealth LNG’s Louisiana project, potentially delaying full approvals.
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.
Brent Review: 19th July 2024
July 19, 2024
Lucky Number 85 Price action in September Brent crude futures was resilient this week, oscillating around the $85/bbl handle. Brent came off to $83.50/bbl on 16 July before ascending above $85/bbl on 17 July, settling around that level in the
Overnight & Singapore Window: Resistance at $85, Support Below $85
July 19, 2024
The September Brent futures contract surpassed the $85/bbl handle again this morning, sitting at $85.30/bbl at 09:00 BST, but simmered off to $84.90/bbl by 11:25 BST (time of writing)….
Daily Trade Idea: 19/07/2024
July 19, 2024
Long Aug/Oct 3.5% Barge Over the last couple of days, we have seen Aug/Oct fall from $19.50 to $13.50. We’re seeing a shift in sentiment this morning at barge cracks, and spreads are being well-bid with little sell side interest
Onyx Unaffected From Global IT Outage
July 19, 2024
Onyx remains unaffected from the global IT outage and our services continue to function normally without disruptions. Our IT team has confirmed the stability and security of our infrastructure. We will continue to monitor the situation closely and provide updates
TMNs: Oscill-85
July 18, 2024
God bless America; firing up WTI spreads like an AR and waking up in the morning on Wednesday and buying the hell out of Brent, flipping pricing like Vance’s opinion on Trump.
European Window: Brent oscillates in and out of $85/bbl
July 18, 2024
The September Brent futures contract strengthened back to the $85/bbl handle around 14:20 BST before again weakening to $84.40/bbl at 15:45 BST. However, the benchmark crude futures contract found support at this level and climbed to $85.30/bbl as of 17:10
Overnight & Singapore Window: Brent Weakens to $84.95/bbl
July 18, 2024
The September Brent Futures has seen a weaker morning, after rising to $85.80/bbl at 08:00 BST, the contract corrected downwards to a low of $84.96/bbl at 10:30 BST, and is trading at $85.06/bbl at the time of writing (11:05 BST).
CFTC Predictor: A Quiet Place
July 18, 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 17, 2024
The Sep Brent futures contract strengthened this evening, climbing from $83.70/bbl at 11:20 BST to $85.10/bbl at 17:35 BST (time of writing).
LPG Report: Build Sentiment, not Stocks
July 17, 2024
The US LST vs Far East propane (LST/FEI) arb weakened to -$220/mt this fortnight after initially rallying to -$200/mt at the start of the month. This weakness came despite LST/FEI buying, highlighting weakness in US LST propane.
Overnight & Singapore Window: Brent Trading Around $83.50bbl
July 17, 2024
The September Brent futures flat price has a mixed morning, ticking down from $83.65/bbl to a low of $83.45/bbl by 07:30 BST, before rallying to $84.10/bbl by 08:55 and then subsequently falling back down to $83.65/bbl as of 11:10 BST
Dubai Market Report – Banks Just Can’t Get Enough (Of Brent/Dubai)
July 16, 2024
A fortnight of two halves in Brent/Dubai, encapsulating the market’s duality in the year-to-date. The first week was relatively rangebound as prices hovered around -10c/bbl, with volumes low due to the US holiday. As Brent and WTI rallied, Dubai did
European Window: Brent Ticks Below $84/bbl
July 16, 2024
The September Brent futures had a mixed afternoon, initially falling from $84.05/bbl to $83.35/bbl by 13:10 BST, its lowest level since 18 June, before it then rallied back up to the afternoon’s high of $84.30/bbl at 16:20 BST.
Naphtha Report: Just Go With the Flow…
July 16, 2024
We continue to see strength across the naphtha complex, although we appear to now be approaching the dangerous realm of potential buy-side saturation with rising selling in naphtha cracks in Europe, alongside selling in the E/W.
