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.

European Window cover

European Window: Brent Bounces Back to $65.53/bbl

The Jul’25 Brent futures contract saw prices rally to $65.65/bbl at 14:21 BST before falling off to $54.94/bbl at 14:51 BST. Prices then bounced back to $65.53/bbl at 17:30 BST (time of writing). In the news, Kazakhstan’s oil output rose

Read More
Onyx Alpha report cover

Onyx Alpha: May the Profits Be With You

Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in fuel oil and light ends swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven

Read More
European Window cover

European Window: Brent Falls Back to $64.42/bbl

The Jul’25 Brent futures contract saw prices rally all afternoon to $65.95/bbl at 17:35 BST before falling off to $64.42/bbl at 18:00 BST (time of writing). In the news, Indonesia is questioning a number Singapore-based trading firms as part of

Read More

Brent Forecast: 19th May 2025

Turning the vol down Over the week to 13 May, front-month Brent futures rallied to $66.55/bbl, their highest level since 28 April. ICE COT data for that week shows money managers added nearly 50 mb to their net long position,

Read More

CFTC Weekly: Funds buying Brent

In the week ending 13 May, the crude oil futures (Brent and WTI) saw support in price action. Total managed-by-money positions in the two futures benchmarks saw a 29mb increase in long positioning (+7%) alongside a 9.7mb removal of shorts

Read More

Overnight & Singapore Window: Brent Falls to $64.45/bbl

The Jul’25 Brent futures contract saw a rangebound morning, initially trading between $64.81/bbl and $65.18/bbl. Prices then fell to $64.45/bbl at 11:31 BST (time of writing). In the news, Guyana has passed a new oil pollution bill that makes companies

Read More
European Window cover

European Window: Brent Rallies to $65.47/bbl

The Jul’25 Brent futures contract saw prices rangebound between $64.60/bbl and $65.02/bbl in the early afternoon. Prices then rallied to $65.47/bbl at 17:45 BST (time of writing). In the news, the first round of talks between Russia and Ukraine conclude.

Read More
European Window cover

European Window: Volatile Brent Rallies to $64.73/bbl

The Jul’25 Brent futures contract climbed from $65.80/bbl at circa 12:20 BST to $66.50/bbl at 14:55 BST, where it met resistance. Price action attempted to breach this level thrice this afternoon but failed to breach past it, softening to $65.90/bbl

Read More
CFTC Weekly cover

CFTC Predictor: Bullish Bets

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

Read More
European Window cover

European Window: Brent Softens Sub-$66.00/bbl

The Jul’25 Brent futures contract climbed from $65.80/bbl at circa 12:20 BST to $66.50/bbl at 14:55 BST, where it met resistance. Price action attempted to breach this level thrice this afternoon but failed to breach past it, softening to $65.90/bbl

Read More
European Window cover

European Window: Brent Rallies to $66.77/bbl

The Jul’25 Brent futures contract saw prices rally all afternoon to $66.77/bbl at 17:45 BST (time of writing). In the news, Libya’s fragile peace has collapsed after the reported assassination of Abdel Ghani al-Kikli, head of the Stability Support Apparatus

Read More