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Heads of Desk: Top of Mind – Episode 37

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 4 March 2026
4 March 2026

Global Deleveraging Wave Slams Equities as Korea Melts Down and AI Supply Chain Risk Surges

Hedge funds deleverage as Korea plunges 19% in two days, AI supply risk rises, and volatility stays complacent before key US data.
4 March 2026

Latest reports

Funds Bearish in Products

Specs add Brent longs, cut shorts on geopolitics; bearish in products as producers hedge and cut risk.
8 page report
5 March 2026

Prices Going Strait Up

Hormuz closure halts tanker traffic, strands vessels, and disrupts Asian refineries as freight spikes and crude pools in Europe.
16 page report
5 March 2026

Brent Softens to $84.35/bbl

Bahrain's BAPCO hit by missile, LPG tankers rerouted to US, India buys Russian Crude
4 page report
5 March 2026

Brent Recovers to $83.80/bbl

Asian refinery margins, China orders refiners to stop exporting gasoline and diesel, EU gas prices rise
4 page report
5 March 2026