Dated Brent Report: On Your Marks, Get Set…
April 2, 2024
Last week, physical differentials settled to lows of -44c/bbl, the lowest level since January 2023. But as the old adage goes, ‘this too shall pass’.
Reports
Gasoline Report: Restarting the Engine?
April 2, 2024
After coming off into the end of the month, the prompt EBOB crack has been fairly rangebound with trade houses the key counterparty on the buy-side though notably we saw refiners coming in on the sell-side on the first day of April…
Trade Wars: Alpha Strikes Back
April 2, 2024
With another week comes a fresh slew of trade ideas by Onyx Research.
This Week’s Target Price: $90-92/bbl
April 2, 2024
After a rangebound week, with Jun Brent futures oscillating around the $85/bbl mark, Brent futures strengthened in the lead up to the Easter bank holiday weekend. Support continues to be found, surpassing the $89/bbl mark on Apr 02.
Brent Rallies Up to $89/bbl Levels
April 2, 2024
The June Brent futures contract has seen a strong rally this morning, opening around $88/bbl handles and rising quickly to settle around $89/bbl at 10:30 BST.
ICE CFTC Report: A Bull vs Bear race
April 2, 2024
For the week to Mar 26, the crude futures continued to record relatively bullish sentiment but saw a higher level of risk adopted by bearish money managers.
NYMEX CFTC Report – Risk On, Risk On, Bearish
April 1, 2024
In the week to Mar 26, speculative players adopted a more risk-on approach in WTI futures.
Back to the Futures
April 1, 2024
Technical indicators for June revealed a week of softening prices in a risk-off attitude across the product groups.
Good LNG Friday
March 29, 2024
Credit Agricole announced its decision to abstain from providing financing to two significant LNG projects. This move reflects the bank’s dedication to refraining from supporting new fossil fuel developments…
Brent Rises Ahead of May expiry
March 28, 2024
The Jun Brent futures contract strengthened back into $86 territory this morning and stands at $86.40/bbl as of 13:05 GMT (time of writing).
Trader Meeting Notes: He is risen! (12% this quarter)
March 28, 2024
Brent futures this week took us on a journey up and down, and currently stand slightly elevated to levels seen at the start of the week.
CFTC Predictor: Risky Money
March 28, 2024
ONYX CFTC PREDICTOR – 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.
Brent Increases 12% in Q1’24
March 28, 2024
June Brent futures flat price rose gently overnight but failed to pass $86/bbl, leaving it trading around $85.75/bbl at 0640 GMT (time of writing).
Brent trades at $85.10/bbl alongside EIA-announced crude build
March 27, 2024
The Brent futures flat price for the Jun contract initially dropped to $84.97/bbl briefly at 12:45 GMT before recovering its losses and reaching a high of $85.51/bbl at 15:15 GMT and then retraced to $85.12/bbl by 17:15 GMT.
LPG Report: FEI-gning strength
March 27, 2024
The LST/FEI arb firmly rebounded over the fortnight and rallied almost $40/mt to -$160/mt handles come Mar 24. On the other hand, the May FEI/CP diff witnessed incredibly bearish tides with an overarching CP complex relative to FEI.