Reports

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

Naphtha & Gasoline reports

Please note that these reports will now be published every Thursday.

CFTC Weekly cover

CFTC Predictor: Consolidation

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

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European Window cover

European Window: Brent Bounces Above $66.00/bbl

This afternoon the Jun’25 Brent Futures contract saw prices rally to $66.07/bbl at 15:44 BST before coming down to $65.57/bbl at 16:14 BST. Prices have since gained some support and are at $66.09/bbl 18:20 BST (time of writing). In the

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Overnight & Singapore Window: Brent Above $65.00/bbl

The Jun’25 Brent futures contract saw another volatile morning, prices jumped by $0.85/bbl to $65.27/bbl at 09:28 BST and have since some support at $65.29/bbl at 12:00 BST (time of writing). Bloomberg reports that China is open to talks if

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European Window cover

European Window: Brent Jumps Back to $64.70/bbl

The Jun’25 prompt Brent futures contract saw a volatile afternoon, with prices jumping quickly up to $65.13/bbl at 15:15 BST before dropping down to $ 64.24/bbl at 16:46 BST only to move up to $64.70/bbl at 18:20 BST (time of

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Dated Brent report cover

Dated Brent Report – Reload

The Dated market has retreated from the bullish hysteria since our last report on 1 April. There, intense stop-out flows saw decade-high trading volumes in the DFL. While the physical was more quiet, the futures was a completely different beast,

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European Window cover

European Window: Brent Falls to $64.30/bbl

The Jun’25 Brent futures contract rallied up to $65.81/bbl at 12:15 BST before falling off to $64.12 /bbl at 17:12 BST and have currently slightly bounced back up to $64.37/bbl at 17:32 BST (time of writing). OPEC cut its 2025

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Gasoline report

Gasoline Report: Liberating the Bears

The run-up of anticipation and speculation ahead of the ‘Liberation Day’ tariff announcements by President Trump pushed RBOB futures higher. Jun’25 RBOB futures closed at over $2.30/gal on 02 Apr but gapped down the following day and fell to find

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Onyx Alpha report cover

Onyx Alpha: Short US, Long ROW

Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in propane and jet fuel swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft

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Brent Forecast: 14th April 2025

Brent: Catching its breath? Last week, the tariff brinksmanship between the US and China saw China go toe-to-toe with escalatory reciprocal US tariffs, which ratcheted up to 145%. Yet, the rest of the world got a reprieve, with reciprocal tariffs

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CFTC Weekly: Rushing for the Exit

In the week ending 08 Apr, the benchmark crude futures contracts (Brent + WTI) witnessed a bearish shift in sentiment, with long-positioned money managers trimming a total of 165mb (-28% w/w). At the same time, short-positioned players were seen adding

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European Window cover

European Window: Brent Rallies to $64.46/bbl

The Jun’25 Brent Futures contract saw prices dropping to $62.96 at 14:31 BST and have since rallied up to $64.12/bbl at 17:35 BST (time of writing). Two Chevron-chartered tankers carrying Venezuelan crude are stranded after PDVSA revoked their export clearances,

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