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Sentiment Swings Towards Fear, Macro Risks Multiply, China Imports Gold

Crowded positioning raises reversal risk as consumer weakens, despite solid growth and tightening commodity fundamentals.
29 June 2026

Balanced Picture in the US Economy, Single Day Wipeout in Asian Markets, AI

Soft landing holds, but AI selloff wipes $1T from Asia as chip costs rise, Apple hikes prices and firms cut AI spending.
26 June 2026

Latest reports

US and Europe Margins Surge, Asia Sees Modest Rise

Refinery Margins Report for the week ending 26 June
11 page report
29 June 2026

It’s Getting Hot In Here, So Hedge All of Your Flows

Gasoline cracks strengthen globally on firm demand and RIN support, while E/W and TA arb weaken with consolidation expected.
14 page report
29 June 2026

All of the Lights

This week, we look at trades in Gasoline and Naphtha swaps.
9 page report
29 June 2026

Brent trades around $73/bbl, US and Iran agree to halt attacks

Brent trades around $73/bbl, US and Iran agree to halt attacks
29 June 2026