Brent Climbs Amid Thin Volumes
May 27, 2024
The Aug Brent futures flat price primarily traded around $82.10/bbl all morning although it ultimately climbed to $82.35/bbl as of 11:15 BST.
Reports
Dated Brent Update Report
Due to International Energy week events, the Dated Brent Update report will not be published in the week commencing 24 February 2025.
The next report will be published on 4 March 2025.
Brent Gains This Morning Losses at $82/bbl
May 24, 2024
The July Brent futures flat price has had a strong afternoon, mitigating the losses it saw this morning. The contract kicked off the afternoon at lows of $80.80/bbl at 13:50 BST before seeing a stellar rally up to $82.15/bbl at 17:00 BST.
LNG Market Report: Will the Bulls Evaporate in this Heat?
May 24, 2024
The National Grid announced its plan to sell Britain’s largest liquefied natural gas (LNG) terminal, Grain LNG, as part of its strategy to streamline operations and focus on networks, as stated during the presentation of its 2023/24 business year earnings.
Brent Softens Below $81/bbl Handles
May 24, 2024
The July Brent futures flat price softened over the morning, from around $81.40/bbl at 0730 BST to $80.70/bbl at 1115 BST (time of writing).
Daily Trade Idea: 24/05/2024
May 24, 2024
Long Jun 380 Crack Tighter supplies and relatively healthy downstream demand have strengthened the Asian high sulfur fuel oil complex in recent weeks, although we have seen a drop in the last couple of days we believe it has found
Brent Drops To Mid $81/bbl Handles
May 23, 2024
The July Brent futures flat price has completely shredded the gains it made this morning. Having begun the afternoon well-supported, the price rose from $82.35/bbl at 12:55 BST to $82.95/bbl at 14:30 BST, however it was then crushed down to $81.30/bbl handles, where it currently sits as of 17:10 BST
TMNs: Markets of No Confidence
May 23, 2024
Brent futures flat price has recently been on a 10 Downing Street-esque spiral, with its previous gains barely outlasting a lettuce.
Brent Back to Mid $82/bbl Handles
May 23, 2024
The July Brent futures flat price has rallied significantly this morning following a weak overnight period.
CFTC Predictor: Bull…ish?
May 23, 2024
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 proprietary data.
Daily Trade Idea: 23/05/2024
May 23, 2024
Short Jun 380 E/W It looks like the tide has turned. According to Onyx CoT it indicates that Jun is now overbought, with RSI at 93. As reported Tuesday, it has been on a steady rise, from $21 up to
Brent Dipping Into $81/bbl Handles
May 22, 2024
The July Brent futures flat price has had a fairly unsettled afternoon, initially falling from $82.50/bbl at 12:00 BST to $81.70/bbl by 14:40 BST, before rising to the afternoon’s high of $82.55/bbl at 16:10 BST.
LPG Report: Journey to the Far East
May 22, 2024
The story in propane has been dominated by the Panama Canal story and limited US exports, leading to strength in internationals.
Daily Trade Idea: 22/05/2024
May 22, 2024
There has been tepid demand of Sing 0.5% along with Al Zour refinery in Kuwait releasing tenders in April and May for VLSFO meaning there is ample supply. However 380 seems to be a tighter supply at the moment, with
Brent Drifting In and Out of $82/bbl Handles
May 21, 2024
The July Brent futures flat price has had a mixed afternoon, initially falling from $82.50/bbl to the afternoon’s low of $82.10/bbl between 12:25 BST and 13:25 BST. Subsequently, Brent rallied to $83.30/bbl by 16:10 BST, before retracing down back into mid-$82/bbl handles, reaching $82.40/bbl at 17:20 BST (time of writing).
Dubai Market Report – Dubai Bling
May 21, 2024
Dubai Bling – Two weeks ago, the prompt Brent/Dubai appeared to be hitting a bottom at -14c/bbl with players anticipating a recovery upwards in the near term.
Supplementary Report: Up-Dated? More Like Down Dated
May 21, 2024
The Dated market has been inundated with weakness. The volatility that we have been seeing in the physical diff has continued and the phys diff reached lows of almost -$1/bbl on May 14.
Naphtha Report: Woke Up From A Nap(htha)
May 21, 2024
The naphtha complex has experienced an extremely mixed past fortnight, showing major signs of weakness in the first week before seeing a major influx of strength in the second week, with the prompt MOPJ spread rising from lows of $5.70/mt on May 15 to break $10/mt by May 17.
Brent Down In $82/bbl Handles
May 21, 2024
The July Brent futures flat price has had a very shaky morning, sitting at $83.30/bbl around 05:00 BST, before bouncing rapidly between $83.30/bbl handles and $82.80/bbl handles.
Harry Blotter and the Prisoner of Alphaban
May 21, 2024
With another week comes another selection of trade ideas from Onyx Research. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on Onyx Commitment of Traders (COT) and Flux Financials data.
Daily Trade Idea: 21/05/2024
May 21, 2024
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