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Oil Near $90, European Heatwave May Wipe EU GDP Growth, Upcoming Data

Brent nears $90 as Libya attacks and weak Hormuz flows tighten supply; heat threatens EU growth, while Australia signals inflation risks.
11 August 2026

Credit Markets Wary of AI Boom, Chinese Inflation, Japanese Service Sentiment

AI credit risks rise; China inflation softens, Japan data strengthens, but yen weakens despite hawkish BoJ signals.
10 August 2026

LATEST REPORTS

Brent Rises as Houthis Claim Responsibility for Jazan Refinery Attack

Houthis hit Saudi refinery; Russian refinery disrupted, Libya pipeline leak contained. OPEC output rises as Gulf supply recovers.
10 August 2026

Lighting It Up

In this report, we recommend selling the Sep'26 Sing 92 crack and buying the Sep/Oct'26 NWE Naphtha spread.....
9 page report
10 August 2026

Revival

Naphtha rebounds after early weakness, but East remains bearish; rising E/W selling and FEI/MOPJ pressure shape the trade.
17 page report
10 August 2026

Bifurcation

Uneven recovery between Eastern and Western gasoline; EBOB cracks back above $30/bbl; front arb down to single-digits
14 page report
10 August 2026