Due to International Energy week events, the Dated Brent Update report will not be published in the week commencing 24 February 2025.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.
This week we see our favourite futures remain in neutral territory, awaiting with bated breath the decisions of OPEC+’s delayed meeting. Despite the shift in de-risking seen in Brent, the past week has shown increasing correlation between the crude complex and the product futures despite gasoil and heating oil showing upward momentum on the back of tight fundamentals and because *cue Ned Stark voice* winter is coming.
Halloween’s long gone but the oil market’s still busy spooking investors away with Brent prices diving to four-month lows and spreads currently in their contango era. Everyone’s debating the trajectory of oil demand over the next year with weak economic
With Thanksgiving Day around the corner, it is best not to count your turkeys! Poorer liquidity in the US could lead to volatility in prices and with OPEC+ set to meet this Sunday, the market is full of opportunities.
The past week has been a tale of two halves, with initial strength at the beginning of the week taking futures out of oversold sight, all for the EIA to come back with a vengeance (prime Batman style) and announce
Despite the heavy weakness recorded in crude last week, both Brent and WTI flat prices strengthened with Brent back into $80/bbl-category. With our latest CFTC report, we analyse latest CFTC and ICE COT data on Brent, WTI, Gasoil and RBOB to highlight the hedgers and speculators behind these price movements.
Brent is down and fuel is ?? Find out in this week’s Fuel Report by Onyx Advisory.
How does the week look like for Brent, Gasoil and RBOB? Ask the only crystal ball backed by data from Onyx Advisory.
This week in Brent a zig-zag with more lows than highs, taking everything else down the barrel along on this rollercoaster ride. Read what Onyx’s traders have to say about it in this week’s Trader Meeting Notes.
We have seen strength in HSFO market recently with the European benchmark experiencing a robust ascent. Notably, the front crack has now reached -$12/bbl handles, indicating a notable shift in market dynamics having failed to find much traction last week.
OPEC has once again seized the spotlight with their latest proclamation on November 13. In a bold assertion, they’re pinning the recent crude oil price rollercoaster squarely on the shoulders of speculators. These market maestros, according to OPEC, have been playing up the doom and gloom.
In the dramatic ups and downs of the oil markets, Onyx’s research analysts present the following trade ideas.
Declining oil prices saw both Brent and WTI decrease for the third consecutive week, dragging both prompt futures price actions below $80/bbl to 3-month lows of $79.54/bbl and $75.33/bbl on Nov 8 for Brent and WTI, respectively. The bearish addiction
The recovery of Asian jet fuel markets has been gradual over recent months, yet recent trends have shown some signs of support. In the context of Asia, China’s role is pivotal as it constituted approximately 20% of the region’s international
The market is in flux, with Brent and RBOB channeling their inner Vincent Vega and Mia Wallace. Brent has got its bearish groove on, while RBOB’s cautiously strutting a bullish outlook, likely fueled by some refinery drama.
Nigeria has officially launched a new grade of crude oil, Nembe.
The Panama Drought’s Flow-on Effect in the LPG Market: The LPG market will need to stay agile in the face of these evolving conditions, with price volatility expected to persist as the market seeks a new equilibrium.
The week to Nov 07 saw a continuation of long money managers closing positions, marking two consecutive weeks of removing length, closing over 15mbbls, or 6.3% of all long positions in the week with length now at a four -week
