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.
ExxonMobil and QatarNergy are delaying the start-up of their $10bn joint venture Golden Pass LNG export project in Texas to late 2025 from 1H25 after work at the facility stalled following the bankruptcy of the lead contractor. Zachry Holdings.
We expected the now-prompt October’24 Brent futures contract to trade between $78-80/bbl at the end of the week. In line with this forecast, the benchmark futures contract sits at $79.90/bbl as of 10:00 BST on Friday. As we recap what
The Oct’24 Brent futures contract witnessed a morning of two halves. We initially saw the benchmark crude futures contract firm up to $80.40/bbl at 09:00 BST but saw these gains fade amid a sell-off to $79.75/bbl as of 11:20 BST
The Paris Olympics are in full swing, with Celine Dion’s opening ceremony rendition of ‘L’Hymne à l’amour’ proving to be an even greater performance than that of European propane this week…
The October Brent futures flat price continued to trade at the elevated $81.50/bbl level before sharply declining at 15:00 BST by over $1/bbl before finding support in the low $80s, printing $80.17/bbl at 17:20 BST (time of writing)….
The October Brent futures flat price has been unsettled this morning trading in an $81/bbl handle.
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
Welcome to our Live Blog of what is driving oil and other markets throughout the day. If you hear otherwise, let us know at insight@onyxcapitaladvisory.com
Long Sep/Oct 3.5 Barges On a technical perspective on SEP/OCT Barges, Price is now trading below the lower Bollinger band, and also below the lower RSI, indicating that its trading in the oversold territory. We have observed that majority of
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.
The October Brent futures contract remained rangebound this afternoon, falling from $80.35/bbl at 14:00 BST to below $80/bbl at 15:45 BST to finally rise to $80.60/bbl at 17:30 BST (time of writing)
The October Brent futures flat price has strengthened significantly this morning, rising from $78.90/bbl at 04:00 BST to $79.70/bbl by 07:55 BST, before retracing down slightly then rallying again to $80.10/bbl by 10:20 BST.
Short Aug Nap E/W Expecting a continuation of weakness as the E/W goes into pricing, driven by stronger Europe cracks and a run of poor economic data from China affecting perceived demandÂ
Brent/Dubai has seen a remarkable fortnight, with the soon-to-be-Bal Aug Brent/Dubai rallying above $1/bbl on 26 July. However, we now see cracks in this rally, with the contract softening to $0.80/bbl on 30 July.
The October Brent futures flat price has come off again this afternoon, falling from $79/bbl at 12:00 BST to $78.10/bbl by 14:55 BST and subsequently trading in a range between $77.95/bbl and $78.45/bbl.
