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Historic US Equity Move, BP Doubles Profits in Q1’26, G7 Policies This Week

Equities hit highs as oil drives inflation risks; AI cuts jobs; energy shock hits Europe/Asia; central banks turn hawkish.
28 April 2026

Heads of Desk: Top of Mind – Episode 44

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 21 April 2026
21 April 2026

Latest reports

Volatile Brent Rallies Above $109/bbl

Brent swings above $109 as Venezuela ramps output, Russia revenues rise, and Dangote refinery gains on jet fuel margins.
4 page report
27 April 2026

Uptrend in Lightends

Strength has returned to naphtha this week, with both M1 cracks reversing losses from the week prior.
17 page report
27 April 2026

Gasnap Meets Pronap

This week, we look at trades in naphtha swaps.
9 page report
27 April 2026

Summer Driving Season

US gasoline (RBOB futures) drive bullish sentiment ahead of summer driving season; higher arbs and gasnaps trigger sell-side flows
14 page report
27 April 2026