Dated v Brent:
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The Officials: Dated Donkey can’t catch a break!

4h ago
Markets took a moment to recalibrate today, following last night’s major dump on the story that Israel would not strike Iranian oil. Brent flat price ...

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In this episode of Oil Insights, host Harry Tchilinguirian, Group Head of Research at Onyx Capital Group, is joined by Onyx Research Associates Vincent Wu and Martha Dowding to discuss how recent geopolitical developments have influenced the oil market. Following the October 1 missile attacks on Israel by Iran, the market is closely monitoring Israel's potential response, with Brent prices fluctuating between $73 and $80 per barrel.
 
The discussion also covers the latest positioning data, highlighting how money managers are taking cautious positions on Brent. A significant impact was felt when a Washington Post article reported that Israel may target military sites in Iran, not its oil or nuclear infrastructure, suggesting geopolitical uncertainty could keep oil prices volatile.
 
In addition, the team explore the macroeconomic headwinds from China’s economic situation and stimulus measures, shedding light on how they may affect oil prices and demand. Harry, Martha and Vincent revisit their previous prediction about Brent's trading range, noting that it remains consistent within the $70s but could shift depending on developments in the Middle East and China.
 
The team delve into product markets, focusing on Naphtha trends and regional differences in pricing, particularly between Asia and Europe, as they analyse the implications of gasoline demand and petrochemical sector activity.
 
Chapters for this episode are: 
0:00 Welcome | This week in the oil markets
5:11 Brent Futures
12:47 "Crystal ball moment" - Where will Brent be trading by the end of the year?
20:46 Product of the week: Naphtha
28:00 What we’ll be watching this week | Concluding remarks

#news #finance #financialmarkets #economy #MiddleEasttension #middleeast #china #Israel #Iran #trading #markets #marketanalysis #derivatives #derivativestrading #oott #oil #oilandgas #brent #gasoline #naphtha 

Follow us: 
YouTube: https://www.youtube.com/@worldofoilderivatives 
LinkedIn: https://www.linkedin.com/company/onyx-capitalgroup/ 
X: https://x.com/Onyx__Edge 
TikTok: https://www.tiktok.com/@onyxcgroup 
Instagram: https://www.instagram.com/onyxcgroup/

In this episode of Oil Insights, host Harry Tchilinguirian, Group Head of Research at Onyx Capital Group, is joined by Onyx Research Associates Vincent Wu and Martha Dowding to discuss how recent geopolitical developments have influenced the oil market. Following the October 1 missile attacks on Israel by Iran, the market is closely monitoring Israel's potential response, with Brent prices fluctuating between $73 and $80 per barrel.

The discussion also covers the latest positioning data, highlighting how money managers are taking cautious positions on Brent. A significant impact was felt when a Washington Post article reported that Israel may target military sites in Iran, not its oil or nuclear infrastructure, suggesting geopolitical uncertainty could keep oil prices volatile.

In addition, the team explore the macroeconomic headwinds from China’s economic situation and stimulus measures, shedding light on how they may affect oil prices and demand. Harry, Martha and Vincent revisit their previous prediction about Brent's trading range, noting that it remains consistent within the $70s but could shift depending on developments in the Middle East and China.

The team delve into product markets, focusing on Naphtha trends and regional differences in pricing, particularly between Asia and Europe, as they analyse the implications of gasoline demand and petrochemical sector activity.

Chapters for this episode are:
0:00 Welcome | This week in the oil markets
5:11 Brent Futures
12:47 "Crystal ball moment" - Where will Brent be trading by the end of the year?
20:46 Product of the week: Naphtha
28:00 What we’ll be watching this week | Concluding remarks

#news #finance #financialmarkets #economy #MiddleEasttension #middleeast #china #Israel #Iran #trading #markets #marketanalysis #derivatives #derivativestrading #oott #oil #oilandgas #brent #gasoline #naphtha

Follow us:
YouTube: https://www.youtube.com/@worldofoilderivatives
LinkedIn: https://www.linkedin.com/company/onyx-capitalgroup/
X: https://x.com/Onyx__Edge
TikTok: https://www.tiktok.com/@onyxcgroup
Instagram: https://www.instagram.com/onyxcgroup/

YouTube Video VVVteUJlLVI3RG82WkdXTHlhU3RTb3NnLlRqaWVabmNlMFZr

Oil insights with Harry Tchilinguirian | Naphtha's Technicolour Dreamcoat | S1 E8

World Of Oil Derivatives 5 hours ago

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European Window: Brent Futures Rises To $74.20/bbl

4h ago
The Dec’24 Brent futures contract strengthened marginally this afternoon, trading at $73.96/bbl at 12:00 BST and reaching $74.20/bbl at 17:50 BST (time of writing). We saw volatility in price action throughout the afternoon amid the release of the IEA October oil market report, alongside concerns of conflict escalation in the Middle East. In the news today, the IEA has released their oil market report for October, showing global oil demand is set to increase by just 862kb/d this year due to decelerating demand in China. This latest estimate is down from the 903kb/d forecast published in the September IEA report. ...

Dated Brent Report – A (North) Sea of Bears

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The water has been anything but calm here in the North Sea, with the Dated Brent complex surging up into October amid a more robust futures complex and supported physical differential.

Overnight & Singapore Window: Brent Falls To $73.58/bbl

10h ago
The Dec’24 Brent futures contract showed weakness throughout the morning, trading at $78.09/bbl at 07:00 BST and falling to just above the $77.00/bbl handle at 11:15 BST (time of writing). Price action has been weak amid a continuing lack of confidence in China’s economic stimulus to combat deflation and increases in Libyan crude output. In the news today, the National Oil Corporation (NOC) stated that Libyan crude production has recovered to 1.3mb/d, reaching levels seen before the political dispute over Libya’s central bank. In other news, the US said it will send US troops to Israel along with an advanced ...

European Window: Brent Strengthens Slightly To $77.36/bbl

2d ago
The Dec’24 Brent futures contract strengthened slightly this afternoon, trading at $77.27/bbl at 12:00 BST and moving up to $77.36/bbl at 17:15 BST (time of writing). Despite a mid-afternoon rally to $78.10/bbl at 14:50 BST, price action saw downward pressure amid OPEC’s cut to their oil demand forecast. In the news today, OPEC, in their Oct'24 monthly oil market report, has reduced their forecast for global oil demand growth from 2.03mb/d to 1.93mb/d for 2024, as per Reuters. Poor Chinese demand accounted for most of this reduction, trimmed down by OPEC from 650kb/d to 580kb/d in the report. In other ...

Overnight & Singapore Window: Brent Falls to $77.00/bbl

2d ago
The Dec’24 Brent futures contract showed weakness throughout the morning, trading at $78.09/bbl at 07:00 BST and falling to just above the $77.00/bbl handle at 11:15 BST (time of writing). Price action has been weak amid a continuing lack of confidence in China’s economic stimulus to combat deflation and increases in Libyan crude output. In the news today, the National Oil Corporation (NOC) stated that Libyan crude production has recovered to 1.3mb/d, reaching levels seen before the political dispute over Libya’s central bank. In other news, the US said it will send US troops to Israel along with an advanced ...

European Window: Brent Inches Up To $79.04/bbl

5d ago
This afternoon, the Dec’24 Brent futures contract showed gradual upward movement, trading at $78.65/bbl at 12:00 BST and inching up to $79.04/bbl at 17:30 BST (time of writing). We saw some volatility in price action, with an intraday high of $79.47/bbl just before 16:00 BST, amid further conflict in Lebanon and the release of a Platts survey showing an overall decline in OPEC+ oil production. In the news today, the United Nations said that two of its peacekeepers were injured by explosions near its Naqoura headquarters in southern Lebanon, prompting criticism of Israel from European governments such as Germany and ...

Overnight & Singapore Window: Brent Weakens Slightly To $78.90/bbl

5d ago
The Dec’24 Brent futures contract saw support this morning, trading at $77.13/bbl at 07:00 BST and strengthening to $77.72/bbl around 11:20 BST (time of writing). Price action saw upward movement this morning amid mounting concerns of a potential Israeli strike on Iran and expected supply disruption due to Hurricane Milton. In the news today, following a statement from Israeli Defence Minister Yoav Gallant warning that any retaliation against Iran would be “lethal” and “surprising”, Israel has continued their airstrikes in southern Lebanon today, resulting in the death of 5 emergency workers according to the Lebanese health ministry. In other ...

European Window: Brent Futures Rallies To $79.30/bbl

6d ago
The Dec’24 Brent futures contract sold off further this afternoon, trading at $76.89/bbl at 12:00 BST and weakening to an intraday low of $75.19/bbl at 15:20 BST, before recovering to $76.75/bbl at 17:05 BST (time of writing). Prices initially weakened on Chinese demand concerns but rallied following an EIA stats reading at 15:30 BST, which showed a lower than expected build of 5.8mb compared to yesterday's API forecast of 1.95mb. In the news today, the ports of Tampa, Manatee, Port Canaveral, and Jacksonville have been shut, according to the US Coast Guard. Commercial ships are restricted from entering the ports ...

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