The naphtha market flipped to seeing support following 10 Apr, with the front-month (May’25) NWE naphtha crack rallying from -$4.80/bbl on 8 Apr to -$3.35/bbl at the time of writing on 28 Apr. The soon-to-be M1 Jun’25 NWE crack climbed
The Jun’25 Brent futures contract saw prices initially rally to $67.34/bbl at 07:12 BST before falling off to $66.48/bbl at 11:30 BST (time of writing). In the news, uncertainty over US-China trade talks and potential OPEC+ supply increase weighed on
In the week ending 22 Apr, the benchmark crude futures contracts (Brent + WTI) witnessed a bullish shift in sentiment, following two bearish weeks. Long-positioned money managers added a total of 21.6mb (5.55% w/w). At the same time, short-positioned players
The Jun’25 Brent Futures saw prices slowly rally from $65.57/bbl at 12:30 BST up to $66.86/bbl at 18:32 BST (time of writing). In the news, US refiner Phillips 66 reported a larger-than-expected first-quarter loss due to lower refining margins and
High Sulphur Fuel Oil contracts saw continued strength over the past two weeks, reinforcing the market’s bullish attitude towards summer demand. The prompt 3.5% barge crack rallied up to -$1.25/bbl, while the 380 East/West (Sing 380 vs 3.5% barges) surpassed
The Jun’25 Brent futures contract saw prices fall off from $67.00/bbl at 07:02 BST down to $65.92/bbl at 11:38 BST (time of writing). In the news, the US Interior Department has introduced new rules allowing greater pressure differences in offshore
The Jun’25 Brent Futures contract saw prices rangebound between $67.00/bbl and $66.50/bbl for most of the afternoon before falling off to $65.95 at 17:09 BST. Prices have since climbed back to $66.52/bbl at 17:43 BST (time of writing). In the
The price volatility noted in the front-month Brent futures contract has calmed this week, with prices moving sideways. We saw some weakness on 23 Apr following reports of several OPEC+ members suggesting a second consecutive accelerated oil output increase in
The front-month Brent futures contract continues to see resistance above $68.50/bbl, hitting this level at 09:45 BST this morning before softening a touch to $68.10/bbl by 10:50 BST. Prices regained support here, rising to $68.30/bbl by 11:20 BST, but sell-side
Major propane benchmarks witnessed substantial weakness into April 2025 – with the weakness concentrated in the Far East propane Index (C3 FEI).
The front-month Brent futures contract saw a very volatile afternoon. Prices fell by $1.96/bbl down to $65.50/bbl at15:16 BST and jumped back up to $66.74/bbl at 17.30 BST (time of writing). The nearly $2.00/bbl drop comes as Kazakhstan stirs tensions
The front-month Brent futures contract continues to see resistance above $68.50/bbl, hitting this level at 09:45 BST this morning before softening a touch to $68.10/bbl by 10:50 BST. Prices regained support here, rising to $68.30/bbl by 11:20 BST, but sell-side
Jun’25 Brent futures softened in the early afternoon to sub-$66.70/bbl at 14:56 BST before it saw better strength. Although highs of over $68.00/bbl at 17:15 BST failed to be maintained, the contract corrected to $67.90/bbl at 17:22 BST (time of
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
The prompt-month Brent futures contract strengthened from $66.57/bbl at 06:55 BST this morning to $67.35/bbl at 11:00 BST before softening to $67.15/bbl at 11:25 BST (time of writing).
