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De-escalation Reactions, OIS Pricing 33bps, Iran Disruption as Structural Rewrite

Markets cheer “ceasefire” but miss reality: Hormuz becomes priced chokepoint, structural energy shift, Iran holds leverage.
8 April 2026

Heads of Desk: Top of Mind – Episode 42

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 7 April 2026
7 April 2026

Latest reports

Brent Inches Up to $94.52/bbl

Iran hits Saudi pipeline; refinery attack, India buys Iran oil, Venezuela output weak, Russia disruptions persist, supply risks remain.
4 page report
8 April 2026

Mind the Gap

The LPG complex gapped down on 08 Apr, alongside the d/d drop in crude futures amid de-escalatory comments from the US and Iran.....
17 page report
8 April 2026

Relief But No Resolution

See all the updates across the barrel and a half dozen contracts to watch in our six reports.
6 reports
8 April 2026

Brent drops below $100/bbl

The Jun'26 Brent futures contract sold off to $91.90/bbl at 01:03 BST, where it met support and climbed above $96/bbl this morning, before..
4 page report
8 April 2026