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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

Brent Softens to $81.02/bbl

US-Iran war, QatarEnergy shuts down liquefaction facility, German subsidiary of Rosneft gets US sanction exemption
4 page report
4 March 2026

Mission Impassable

See all the updates across the barrel and a half dozen contracts to watch in our six reports.
6 reports
4 March 2026

Brent Bounces Back to $83.01/bbl

Iran proposes end of war, Aramco refinery hit by projectile, Russia and Hungary to discuss over Druzhba pipeline
4 page report
4 March 2026

Physical Goes Negative

Forties selling weighs on Dated; Iran strikes lift Brent futures, widening gap between paper strength and weak physical.
3 March 2026