Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
The Jun’25 Brent futures contract saw a another volatile morning. Prices gapped down overnight to $64.87/bbl and then slowly moved up to $65.23/bbl at 08:00 BST before falling down to $63.47/bbl at 09:57 BST, they have since jumped back up
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
Major propane benchmarks witnessed substantial weakness into April 2025 – with the weakness concentrated in the Far East propane Index (C3 FEI).
The prompt Jun’25 Brent Futures saw prices rally up to $61.03/bbl at 14:40 BST before falling down to $59.61 around 16:10 BST. Prices have since crawled back up to $60.59/bbl at 17:40 and have jumped up to $64.90 at 18:54
The Jun’25 Brent futures contract saw prices gap down last night to $60.43/bbl, seeing some support throughout the morning eventually reaching a peak of $61.48/bbl around 08:40 BST. At 11:20 BST, prices dropped down to $59.79/bbl, reaching the lowest since
M1 Brent futures swiftly bounced higher last week, climbing from the $70/bbl handle to open at $73/bbl on 25 March. On 24 March, prices closed above the 30-day moving average (white line), which has now flipped from resistance to support
The Jun’25 Brent futures contract saw a less volatile with prices moving up to $65.10/bbl at 14:17 BST. Around 16:15, prices fell down to $63.90/bbl and despite gaining some support reaching $64.66/bbl it has fallen to $63.80/bbl at 17:40 BST
The Brent/Dubai complex saw a bullish shift with May’25 Brent/Dubai surpassing -$1/bbl for the first time since mid-March. In contrast to flat price, differentials were unresponsive to OPEC+ speeding up its oil output hike. The bullish catalyst was Aramco cutting
It has been a volatile week in the Dated Brent crude oil benchmark. The North Sea Dated Brent physical differential moved up from $0.575/bbl on 28 Mar to $1.07/bbl on 1 Apr amid more aggressive buy-side interest than expected. Into
The prompt Jun’25 Brent futures saw another volatile morning with prices dropping off to $63.69/bbl at 08:47 BST form $64.95/bbl around 08:00 BST. Prices have since slowly climbed back up to $64.46/bbl at 10:45 (time of writing).Russia’s central bank warned
The naphtha market capitulated at the start of the month, driven by a weakening Eastern complex. There was a correction from elevated levels as long positions in MOPJ were overcrowded. The sell-off comes amid concerns over US tariffs and a
One thing is certain in global markets right now: uncertainty. Oil, like other risk assets, has had to navigate troubled waters in March and early April with the trading environment considerably obfuscated by the lack of clarity relative to the
Front-month Brent futures stabilised this afternoon following the huge pressure it was under in the morning. The contract saw support just above $64.00/bbl at around 15:50 BST and was more supported at $65.40/bbl at 17:20 BST (time of writing). China
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in propane, and naphtha swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods
Brent: Catching a falling knife The impact of President Trump’s Liberation Day tariffs, announced on 2 April, came fast and furious, with Brent, alongside equity market indices, tumbling in a free-fall spiral. The scope of US retaliatory tariffs exceeded market
