Reports

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

Naphtha Report: Riding the Asian Wave

The naphtha market has been resilient and strong into the end of October with the dips bought into well and the strong gasnaph selling flows supporting the complex further. It will be interesting to see how this strength will be

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European Window: Brent Strengthens To $75.50/bbl

Jan’25 Brent futures flat price saw further support this afternoon, increasing from $75.35/bbl at 12:00 GMT up to $75.95/bbl at 17:30 GMT, before falling to $75.50/bbl around 18:00 GMT (time of writing). Crude oil prices were supported amid potential short

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Onyx Alpha: Fuel for Thought?

OCTOBER MONTHLY REVIEW EDITION – Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in crude oil and gasoline swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on

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Oil Monthly Report: Waiting on Uncle Sam

Waiting on Uncle Sam – ICE Brent briefly moved above $80/bbl in early October as Iran, for a second time since April, took aim at Israel, launching some 200 ballistic missiles, exposing holes in Israel’s Iron Dome defence system. Israel

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European Window: Brent Supported At $75/bbl

The Jan’25 Brent futures contract initially saw weakness this afternoon, trading from $75.25/bbl at 12:00 GMT down to $74.30/bbl around 15:50 GMT, before recovering to $75.15/bbl at 17:45 GMT (time of writing). Despite profit-taking flows, prices overall have been supported

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CFTC Weekly: Bulls In Brent Deflate

In the week ending 29 October, Brent and WTI futures inched up but then saw pressure as they gapped down on 28 Oct as the risk premia built into their flat prices saw a significant reduction due to the

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Brent Forecast: 4th November 2024

Brent crude futures have been trading higher at the start of November, with prices in the Jan’25 contract trading above $74/bbl as of Monday morning. Price action was supported as market participants remain on edge over the conflict in the

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Futures Report: America’s Choice

The Jan/Feb’25 Brent futures spread recovered from an intraday low of $0.30/bbl on 29 Oct to an intraday high of $0.46/bbl on 01 Nov, where it met resistance. This recovery emerged amid Iran threatening to retaliate against Israel’s attack, injecting

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Brent Review: 1st November 2024

The Risk Premium Rises (Again) On Monday, we held a bearish view of the Jan’24 Brent futures contract and forecast it to end the week between $68-71/bbl. While the futures contract did weaken to an intraday low of $70.28/bbl on

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