Reports

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

CFTC Predictor: Brent Bull Run to Slow Down?

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: Brent Strengthens To $81.40/bbl

The Mar’25 Brent futures contract saw steady strength this afternoon, rising from just over $80/bbl at 1200 GMT up to this afternoon’s high of $81.60/bbl at 1630 GMT, moderating to $81.40/bbl at 1745 GMT (time of writing). EIA stats released

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LPG Report: Heating Up

The US LPG market has seen a strong start to the year amid colder-than-expected weather. A rally in natural gas futures following Christmas lent support to LPG, with the Feb’25 Mont Belvieu TET propane (C3 LST) rising from under 80c/gal

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European Window: Brent Weakens To $80.15/bbl

The Mar’25 Brent futures contract saw some weakness this afternoon, declining from almost $80.90/bbl at 1200 GMT down to $80.15/bbl at 1800 GMT (time of writing). In the news today, Kaja Kallas, the EU’s foreign policy chief is now pushing

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Naphtha Report: After the Drop-J

The naphtha complex rebalanced amid mass stop-outs and heavy selling into the cracks, which saw huge pressure in both regions. Stronger crude pressured the cracks alongside weaker demand estimates in the East and clear refiner selling in MOPJ flat price

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Oil Monthly Report: Year of the Snake

Oil prices closed last year with a bounce in their step, and Brent pursued its ascent into the new year to trade above $81/bbl at the time of writing. 2025, in China’s astrological calendar, is the year of the Snake,

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Onyx Alpha report cover

Onyx Alpha: Fender Blender

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

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European Window: Brent Rangebound At $81/bbl

The Mar’25 Brent futures contract ultimately saw weakness this afternoon amid rangebound price action, seeing a decline from around $81.10/bbl at 1200 GMT down to this afternoon’s low of $80.37/bbl at 1425 GMT, before recovering to $80.90/bbl at 1745 GMT

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Futures Report: Brent Bulls Charge Ahead

M1 Brent futures saw a rally this week, hitting above the $80/bbl level for the first time since October. The Mar’25 futures contract increased from an intraday low of $76.10/bbl on 06 Jan up to $81.45/bbl at the time of

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