In an exciting pre-advent, the market has been opening the little doors of the OPEC-calendar this week in a dizzying spell of anticipation. Gossip of discontentment among its members has dominated speculation after the meeting was pushed back from Nov
The ICE LS Gasoil cracks have witnessed a slow, steady albeit incredibly choppy rise this past month.
The recent developments in the LPG market have been quite significant, especially in the eastern markets. This heightened interest is a direct response to the Panama Canal Authority’s (ACP) decision to limit the maximum number of transits to 31 from
It has been an astounding couple of weeks in the oil market with no shortage of drama, and the stage is set for a volatile conclusion to November. Just like the cold snap in Europe, Brent crude flat price and
To say the least, Q4 has been a volatile quarter so far for the gasoline complex, with prices for the crack spread seeing a U-shaped trend. Weakening US fundamentals on the back of increasing RINs supply was one of the
In this week’s edition of our CFTC report, Heating Oil is making its first appearance, with it dominated by a risk off attitude. Crude saw bearish sentiment continue in both Brent and WTI, whilst Gasoil and RBOB futures took a
Daily net flows in Jan Brent/Dubai have been heavily skewed toward the sell-side from the middle of November with the 7-day trading split sitting 30:70 on a long:short basis. Market dynamics are tentative as the looming OPEC+ meeting dominates sentiment,
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.
