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 contract fell this afternoon from $72.85/bbl at 11:35 GMT down to $72.05/bbl shortly before 18:00 GMT (time of writing). In the news today, OPEC+ delayed the revival of its oil production by three months to April,
The Feb’25 Brent futures contract has seen marginal strength this morning, trading from $72.40/bbl at 07:00 GMT up to $72.65/bbl at 10:25 GMT (time of writing). With the OPEC+ ministerial meeting on production policy taking place today on 05 Dec,
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
The Jan’25 US Mont Belvieu TET (Energy Transfer) propane contract (C3 LST) weakened from over 83c/gal on 25 Nov to 80c/gal on 04 Dec (at the time of writing). The Jan/Feb’25 LST fell from 1c/gal to 0.25c/gal in the same
The Feb’25 Brent futures contract saw weakness this afternoon, increasing from around $73.80/bbl at 12:00 GMT to $74.07/bbl at 14:30 GMT, before declining to $73.25/bbl at 17:55 GMT (time of writing). EIA stats released at 15:30 GMT for the week
The Feb’25 Brent futures contract rose this morning from around $73.80/bbl at 07:00 GMT to $74.10/bbl at 10:20 GMT (time of writing). Crude oil prices remained supported this morning while traders await tomorrow’s OPEC+ meeting (5 Dec), where ministers are
In Europe, stop-out flow was joined by heavy selling, which saw the spreads, both deferred and prompt, alongside crack selling down the curve. The last week of November was also likely pressured by significant selling from a major as
The Feb’25 Brent futures contract continued to rise this afternoon from $72.62/bbl at 12:00 GMT up to $73.65/bbl at 17:50 GMT (time of writing). In the news today, Russia’s seaborne crude exports have risen ahead of 5 Dec’s OPEC+ ministerial
The Brent/Dubai continues to narrow, with the front-month contract falling below $0.50/bbl, the lowest level for a front-month contract since September. On paper, Dubai crude has gained much of the strength lost in previous months. The fundamental story suggests a
December began with a buying spree in the Platts window, with Total and Trafigura buying a total of seven cargoes – the most recorded in the window for years.
November Review Edition: Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in LPG and Gasoline swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and
The Feb’25 Brent futures contract was supported this morning, rising from $72.10/bbl at 07:00 GMT to $72.50/bbl at 10:30 GMT (time of writing). Crude oil prices were elevated amid reports that OPEC+ is likely to extend oil production cuts at
Between a Rock and a Hard Place -Brent price action in November was like waiting for Godot, with the flat price failing to break out convincingly to either side and trading in a range of circa $71-75/bbl. The dynamic governing
The Feb’25 Brent futures contract saw weakness this afternoon, falling from $72.66/bbl at 12:00 GMT down to $71.77/bbl at 17:55 GMT (time of writing). In the news today, Iran-backed Iraqi fighters crossed into Syria to help the government fight rebels
The crude oil market was rangebound and directionless in the past week, mostly stemming from the low liquidity associated with the US Thanksgiving holiday period. Price action initially came off by $2 on 25 Nov in response to the ceasefire
