European Window: Brent Breaches $80/bbl
June 6, 2024
The Aug Brent Futures flat price initially saw a steady afternoon trading between $78.60/bbl and $79.00/bbl.
Reports
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Due to unforeseen circumstances, the Technical Analysis Report due for publication on the 15 July 2025 has been delayed by a day. We apologise for any inconvenience.
TMNs: Triple-Digit Dreams
June 6, 2024
Last Sunday, OPEC+ held a meeting in Saudi Arabia, went to sleep and woke up to a nightmarish regime in oil. The meeting saw the producer group decide to (surprise, surprise) extend their voluntary output cuts.
The Officials: Volume 1, Issue 4 (Asia)
June 6, 2024
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
Overnight & Singapore Window: Brent Hovering Around $78/bbl Handles
June 6, 2024
The Aug Brent Futures flat price saw a fairly muted morning in terms of price action, with much of the morning seeing trading in a range between $78.60/bbl and $78.80/bbl. It briefly touched an intraday high of $79.15/bbl at 09:00
CFTC Predictor:
June 6, 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
Daily Trade Idea: 06/06/2024
June 6, 2024
Short Jul/Aug 3.5 spreads Demand in Europe is still tepid alongside ample stockpiles, as we get closer to summer cooling season, demand shall pick up and inventories should fall. Alongside this, Jul/Aug 3.5 Barges is trading high in the overbought
European Window: Brent Holds Steady Around $78/bbl Handles
June 5, 2024
The Aug Brent futures flat price saw a fairly rangebound afternoon, generally trading in a narrow range between $77.80/bbl and $78.10/bbl.
LPG Report: US stocks at highest since Jan 12
June 5, 2024
The LST/FEI saw further pressure over the past two weeks where, after a brief window of strength at the end of May, the Jul contract fell to $242/mt despite observed buying, likely from importers jumping to hedge at these low
The Officials: Volume 1, Issue 3 (Asia)
June 5, 2024
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
Overnight & Singapore Window: Brent Choppy In $77/bbl Handles
June 5, 2024
The Aug Brent Futures flat price has had a mixed morning, initially lingering around $77.50/bbl until 08:15 BST and then ticking up to $77.85/bbl at 09:05 BST. Following this, it fell to $77.20/bbl at 10:10 BST, then rose to $77.70/bbl
Daily Trade Idea: 05/06/2024
June 5, 2024
Asian low sulphur fuel oil market structure has weakened over the last couple of days of June, with cash differential for the marine fuel grade dropped to a five-week low amid competitive offers and weaker deals for June-loading physical cargoes.
The Officials: Volume 1, Issue 1 (Europe)
June 4, 2024
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
Dubai Market Report – Say Du-bye to $100/bbl
June 4, 2024
Following a period of extraordinary weakness in crude, with Brent and Dubai both falling over $6.50/bbl between May 29 and Jun 03, there has been no shortage of interesting price action.
Up-Dated Supplementary Report
June 4, 2024
The Dated market has continued to be inundated with weakness. The physical diff has been stable, yet very weak although it inched up to around -75c on Jun 3 from lows of almost -90c on May 21.
European Window: Rangebound between $76/bbl and $77/bbl handles
June 4, 2024
The August Brent futures contract had a relatively quiet afternoon, trading in a tight range of $77.1/bbl and $76.8/bbl. It has since seen some upside support, trading up to $77.5/bbl as at 17:20 BST (time of writing) yet it seems
