Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
The Brent futures flat price for the prompt contract has seen an overall strong morning. Price action initially weakened to below the $82/bbl mark at 08:35 GMT, inspiring some buying interest as the contract rallied to reach $83/bbl at 10:05
This past fortnight has seen a very much supported naphtha complex, in both regions. After initially falling behind, the East caught up with Europe in the middle of the two weeks, before further strength from Europe was witnessed.
The past week in the North Sea crude market has been rather dramatic…
The May Brent futures contract has seen mixed price action this afternoon, initially around $82.19/bbl at noon before experiencing a sell-off down to $81.74/bbl, and subsequently rallying to $82.33/bbl at the time of writing (17:20 GMT).
Following our previous report, OPEC subsequently announced on March 3rd that they would be extending their cuts from the first quarter of 2024 into Q2 2024. This development, despite wide speculations that the cuts would be maintained, was evidently not
New week, new Alpha – Onyx Alpha will publish speculative and hedging trades every Tuesday based on technical analysis and data-driven tradecraft methods based on Onyx’s Commitment of Traders (COT) and Flux Financials data.
The Brent futures flat price for the prompt contract has seen an overall strong morning. Price action initially found stability in the mid $82/bbl-handles, before rallying to $83.01/bbl at 08:10 GMT.
The May Brent futures has seen a great deal of volatility this afternoon with prices reaching lows of $81.10/bbl at 14:10 GMT although strengthened to $82.72/bbl at 16:25 GMT. At 17:00 (time of writing), the contract was seen trading at
For the week to Mar 05, crude futures overall displayed a more risk off approach with a slight bearish bias, after having adopted a bullish outlook for the previous 3 weeks.
In this weeks Futures report, technical indicators were slightly more bullish in the past week in Brent, Gasoil and RBOB with prices generally seeing an upward trend and the RSI’s overall around or above 50.
The Brent futures flat price for the prompt contract has seen a relatively strong morning.
The Brent futures flat price for the prompt contract has seen a quieter afternoon after the sell-off witnessed this morning.
The HSFO complex has overall strengthened over the past fortnight, with notable strength concentrated in the East. In contrast, the East saw a rather bearish week in VLSFO with the Sing 0.5% structure selling off rapidly on the back of
The Brent futures flat price for the prompt contract has seen a volatile morning. Price action initially strengthened from $83.26/bbl handles at 07:45 GMT to reach highs of $83.83/bbl at 09:25 GMT, however since then, price action has collapsed, falling
The May Brent futures has seen a volatile afternoon with prices reaching lows of $82.10/bbl at 14:10 GMT although strengthened to $83.07/bbl at 16:25 GMT. At 17:00 (time of writing), the contract was seen trading at $82.94/bbl.
