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Heads of Desk: Top of Mind – Episode 54

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 30 June 2026
30 June 2026

Chinese PMI Bounces, Global Supply Chain Under Pressure

China PMIs improve as yen hits 1986 low; tech sells off, margin debt hits record, and global supply chain pressures rise.
30 June 2026

Latest reports

To Catch A Falling Knife

Market weakest since Covid with heavy one-way selling, contango at storage levels, but risk of sharp reversal remains.
30 June 2026

Sep Brent supported to $74, mixed messages from Iran and the US

Brent rebounds above $74 as Iran tensions persist, while Morgan Stanley cuts oil forecasts and supply disruptions remain in focus.
30 June 2026

Brent Under Pressure, Cracks Diverge

Brent targets $70 while product cracks diverge, with RBOB and gasoil outperforming.
9 page report
30 June 2026

Brent inches up ahead of potential US-Iran talks in Doha

US President Donald Trump says a meeting will be held with Iran in Doha on Tuesday following Iran's requests for a meeting following....
29 June 2026