LPG Report: The great American propane story
August 14, 2024
We saw US Mont Belvieu (LST) propane spreads first plummet at the start of the month and then subsequently rally.
Reports
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Overnight & Singapore Window: Brent Below $81/bbl
August 14, 2024
The October Brent futures flat price saw a choppy but ultimately bearish Wednesday morning, rallying to highs of $81.41/bbl by 10:07 BST which was followed by a rapid descent below $81/bbl, trading at $80.76/bbl at 11:20 BST (time of writing).
Daily Trade Idea: 14/08/2024
August 14, 2024
Long Oct/Nov 380 Oil stocks in Fujairah have dropped to a 10-month low. Plus demand falling after peak summer power generation for air conditioning. Oct/Nov price has fallen from $8.75 a few days ago and this trade suggestion is to
Up-Dated Supplementary Report – A Trampoline Named Contango
August 13, 2024
The Dated Brent market saw an impressive rally and was buoyed to even further heights after a very brief foray into contango territory. To borrow from the IEA, the market saw “Olympic levels of volatility” in the past month. Demonstrating
European Window: Brent falls below $81/bbl
August 13, 2024
The October Brent futures flat price trended lower on Tuesday afternoon, falling by over $1 after hitting resistance at the $82/bbl level, reaching lows of $80.62/bbl at 17:07 BST, and trading at $80.81/bbl at 17:30 BST (time of writing). The
Naphtha Report: Have We Hit the Top-J…?
August 13, 2024
We continue to see strength across the naphtha complex, although we appear to now be approaching the dangerous realm of potential buy-side saturation with rising selling in naphtha cracks in Europe, alongside selling in the E/W.
Dubai Market Report – Du-not-Bai
August 13, 2024
The strength emerged from a pitiful Dubai complex riddled with selling flow on the back of bearish macroeconomic data and the sell-off within wider risk assets
Onyx Alpha: Moving in Flow Motion
August 13, 2024
With another week comes another selection of new trade ideas by 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
Overnight & Singapore Window: Brent Strengthens to $82/bbl Levels
August 13, 2024
The Oct’24 Brent futures flat price started the day on a bullish front and rallied past the $80/bbl handle. The benchmark crude futures contract was observed sitting just below $80.40/bbl as of 11:35 BST (time of writing).
Daily Trade Idea: 13/08/2024
August 13, 2024
Short Sep 0.5% Sing Crack -The Asian LSFO has seen strength in the last few days with above average bunkering activity. However we have observed that Al-Zour refinery exports are expecting to increase with summer power generation demand typically cooling
European Window: Brent surges above $81/bbl
August 12, 2024
The October Brent futures flat price accelerated its rally on Monday afternoon, cruising past $81/bbl and trading at $81.18/bbl at 17:00 BST (time of writing). Price action has extended last week’s gains, with US recession fears easing and Middle Eastern
Futures Report: Fancy a Bull-ini?
August 12, 2024
Last week, the Oct’24 Brent futures witnessed a significant sell-off, following which sentiment recovered. The benchmark crude futures contract went from $76.30/bbl on 06 Aug to $80.40/bbl on 12 Aug (at the time of writing).
CFTC Weekly: The CTA Bears Go All-In
August 12, 2024
It was a bearish week for global crude benchmarks (Brent + WTI), which also suffered from the fallout from the sell-off in global risk assets following a weak US employment data report and the unwinding of the Japanese Yen carry
Overnight & Singapore Window: Brent Just Shy of $80.40/bbl
August 12, 2024
The Oct’24 Brent futures flat price started the day on a bullish front and rallied past the $80/bbl handle. The benchmark crude futures contract was observed sitting just below $80.40/bbl as of 11:35 BST (time of writing).
European Window: Brent flirts with $80/bbl
August 9, 2024
The Oct’24 Brent futures witnessed a largely rangebound afternoon, with the flat price first falling from $79.50/bbl at 13:10 BST to $78.85/bbl around 15:10 BST, only to firm up to $79.70/bbl at 17:25 BST (time of writing).