Reports

Industry-leading market insights. Get daily, weekly and monthly reports from Onyx Research, featuring expert analysis and interactive graphs. ​
European Window cover

European Window: Brent Rallies to $62.90/bbl

The Jul’25 Brent futures contract saw prices continue rallying up to $62.90/bbl at 16:59 BST (time of writing). In the news, the US and UK have agreed on a deal to lower tariffs on some goods. Key points include: cars,

Read More
Trader Meeting Notes

Trader Meeting Notes: Habemus P-OPEC

Prompt Brent futures dropped sub-$60/bbl this week after OPEC+ decided to increase oil production hikes for a second consecutive month, raising output in June by 411kb/d. There was no OPEC-mageddon, and the market absorbed the news pretty well, for the

Read More
CFTC Weekly cover

CFTC Predictor: Refining Length

In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s

Read More
European Window cover

European Window: Brent Drops to $61.35/bbl

The Jul’25 Brent futures contract saw prices falling from $62.72/bbl at 12:56 BST down to $61.35/bbl at 17:30 BST (time of writing). In the news, US crude oil inventories fell by 2mb in the week ending May 2, according to

Read More

LPG Report: Sell-PG

While most propane benchmarks strengthened into the end of April but softened into the new month, the June’25 C3 CP contract (Saudi Aramco propane) has shown more resilience. The Jun’25 tenor of the Middle Eastern propane benchmark climbed from $558/mt

Read More

Dubai Market Report – OPEC(QUE) MARKETS

This week saw a significant reversal in Brent/Dubai, with the M1 contract sliding from 5 May’s high of $0.75/bbl to $0.12/bbl (at the time of writing on 6 May). This decline marked a shift from the rally building up ahead

Read More
Technical Analysis report cover

Technical Analysis Report: Stabilising…

The M1 Brent futures saw an exceptionally bearish week with prices selling off by $5, before finding support at $59/bbl and recovering to $62/bbl by 6 May (time of writing). On the upside, prices may see initial resistance at $64.50/bbl,

Read More
European Window cover

European Window: Brent Supported $62.20/bbl

The Jul’25 Brent futures contract saw prices rally to $62.78/bbl at 17:17 BST before slightly coming off to $62.20/bbl at 18:20 BST (time of writing). In the news, Saudi Arabia is considering shifting towards a market share strategy in a

Read More
Dated Brent Update cover

Dated Brent Supplementary Report – Down With the Phys

The Dated market suffered from the broader sell-off in crude markets, with OPEC news having a larger impact than initially thought. Supply overhang fears have inverted the Brent futures forward curve, which is in contango from Oct’25 onwards. Nonetheless, front

Read More

Oil Monthly Report: Shifting Sands in OPEC Strategy

Our last report warned of turbulence ahead, and oil prices have indeed reflected this in the past month. Weakness emerged early in April and again in May, following OPEC+’s decision to return voluntary cut barrels to the market. Brent closed

Read More

Overnight & Singapore Window: Brent Opens Below $60/bbl

The Jul’25 Brent crude futures opened below $60/bbl overnight Monday, marking a $2 gap from Friday evening’s close. Prices steadily retraced higher above $60/bbl into the morning, reaching $60.51/bbl by 11:00 BST (time of writing). OPEC+ decided over the weekend

Read More