Bloomberg survey of crude oil price forecasts
This report compares and contrasts the Bloomberg survey of ICE Brent and NYMEX WTI forecast to their high/low range as well the forward curve
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Weekly Oil Inventories Report
This report reviews weekly oil inventory data from the US EIA’s Weekly Petroleum Status Report, Global Insights’ ARA Independent Storage and International Enterprise’s Singapore product storage
US EIA Weekly Report
This report reviews the key data from the US EIA’s Weekly Petroleum Status Report
COT Report: My Bear Lady
Polarising strength in European gasoline and naphtha continues to define lightends. Meanwhile, there has been a dramatic reversal in the North Sea market, with the physical window seeing substantial selling on 3 Sep due to a variety of players offering WTI Midland.
Onyx Futures CFTC COT Report – 02 Sep 2024
The recent futures rally did not garner a significant increase in CTA net positions with the bullish momentum short-lived. Net positions peaked at -108k lots, which was lower than the previous peak of -74k lots on 16 Aug. Both increases began from -150k lots. For the individual products, RBOB futures is the most bearish at -32.9k lots, while WTI futures is the least bearish at -16.9k lots.
Brent Forecast: 2nd September 2024
Show Me the Demand! The Nov’24 Brent futures contract was trading at around $77.05/bbl at 09:00 BST (time of writing), and we expect it to end the week trading between $75-78/bbl. Amid the varying factors impacting the benchmark crude futures,
Energy futures correlation with the S&P 500 and the DXY dollar index
This report covers the correlation in daily returns (on different rolling window periods) between the main energy contracts listed on the ICE and NYMEX exchange and the S&P 500 and the DXY dollar index.
JAKARTA FUTURES EXCHANGE COLLABORATION WITH ONYX CAPITAL GROUP TO DRIVE MARKET GROWTH
Jakarta, August 30, 2024 – Jakarta Futures Exchange (JFX) signed a Memorandum of Understanding (MOU) with Onyx Capital Group to develop new energy products. The new futures contracts will be jointly designed and managed. The MOU signing ceremony took place
Weekly Oil Inventories Report
This report reviews weekly oil inventory data from the US EIA’s Weekly Petroleum Status Report, Global Insights’ ARA Independent Storage and International Enterprise’s Singapore product storage
COT Report: All’s Bear in Love and War
Polarising strength in European gasoline and naphtha continues to define lightends. Meanwhile, the North Sea and VLSFO have been among the few bright spots in the oil swaps market.
See all the updates across the barrel in this week’s Onyx Commitment of Traders report, as well as six contracts to watch for the week ahead. Click on the relevant button below to access your COT report.
US EIA Weekly Report
This report reviews the key data from the US EIA’s Weekly Petroleum Status Report
Bloomberg survey of crude oil price forecasts
This report compares and contrasts the Bloomberg survey of ICE Brent and NYMEX WTI forecast to their high/low range as well the forward curve
Onyx Futures CFTC COT Report – 27 Aug 2024
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. Total net positioning fell to its lows on 7 August down to -150k lots which was the lowest level since the beginning of June, during the post-OPEC meeting sell-off. With sentiment improving and bearish positioning becoming overcrowded, net positioning has rebounded since, rising to -113k lots by 12 August.
Brent Forecast: 26th August 2024
We expect Nov’24 Brent futures to end the week trading between $78/bbl and $82.00/bbl in what continues to be a range-bound market, albeit the range is likely to be slightly wider than in recent weeks. Given the excitement around the
Energy futures correlation with the S&P 500 and the DXY dollar index
This report covers the correlation in daily returns (on different rolling window periods) between the main energy contracts listed on the ICE and NYMEX exchange and the S&P 500 and the DXY dollar index.
Weekly Oil Inventories Report
This report reviews weekly oil inventory data from the US EIA’s Weekly Petroleum Status Report, Global Insights’ ARA Independent Storage and International Enterprise’s Singapore product storage
The Officials: Brent’s on the rebound
22 August 2024: 16:30 BST Vitol made Equinor’s dreams come true in the North Sea, with the Nordics finally selling a Sep 11-13 JohanSverdrup at Dated -95c. They’ve been trying to shift the medium sour for days. One could say
The Officials: Dubai holds up, just don’t look at the Asian macros
22 August 2024: 09:30 BST Vitol doesn’t just set the floor in Dubai; they lift it. The Dubai physical premium (Physical minus M+2) rose 5cto 87c, while the Dubai physical discount relative to October Brent futures continued to narrow from-$1.86/bbl
The Officials: Dead cat bounce gets Kennie again
21 August 2024: 16:30 BST In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by
COT Report: Make Sing 0.5 Fuel Oil Great Again
Brent Futures is not the only contract that is capitulating this week as European gasoline falls at an even faster rate. Meanwhile, the Sing 0.5% marine fuel complex has been one of the few bright spots in the oil swaps market. See all the updates across the barrel in this week’s Onyx Commitment of Traders report, as well as six contracts to watch for the week ahead. Click on the relevant button below to access your COT report.
US EIA Weekly Report
This report reviews the key data from the US EIA’s Weekly Petroleum Status Report
The Officials: Vitol keeps Dubai premiums afloat
21 August 2024: 09:30 BST In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by
Brent Forecast: 19th August 2024
Although Brent crude futures saw a solid start last week, price action closed below $80/bbl on Friday. Middle East geopolitical concerns have eased alongside poor Chinese demand sentiment, amid weaker-than-expected economic data. The Oct’24 contract is trading at $79/bbl as
Onyx Futures CFTC COT Report – 19 Aug 2024
Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. Total net positioning fell to its lows on 7 August down to -150k lots which was the lowest level since the beginning of June, during the post-OPEC meeting sell-off. With sentiment improving and bearish positioning becoming overcrowded, net positioning has rebounded since, rising to -113k lots by 12 August.
Daily Trade Idea: 19/08/2024
Long Sep 3.5 barges cracks With less volumes of HSFO coming into Northwest Europe from the US, the recent tightness has seen prices rise. We are following the trend with this trade.
Energy futures correlation with the S&P 500 and the DXY dollar index
This report covers the correlation in daily returns (on different rolling window periods) between the main energy contracts listed on the ICE and NYMEX exchange and the S&P 500 and the DXY dollar index.
Weekly Oil Inventories Report
This report reviews the key data from the US EIA’s Weekly Petroleum Status Report
Daily Trade Ideas: 16/08/2024
We have two trade ideas today: Long Sep/Oct 3.5 Barges We have observed 3 consecutive days of strong physical windows and barged being better bid, trading from $6.75/mt up to $10/mt. We believe that barges will finish the week strong,
Daily Trade Idea: 15/08/2024
Short Oct/Nov 0.5 sing We have been seeing some selling in the front of the sing LSFO. The low appetite from China is reflected in July’s crude throughput, which has fallen to a 21-month low. The RSI indicate overbought with
COT Report: Freight Freefall
Whilst the Oct’24 Brent futures contract recovered back to the $80/bbl level, headwinds remain abound. Freight prices are in freefall, its impact reverberating across the oil swaps market. See all the updates across the barrel in this week’s Onyx Commitment of Traders report, as well as six contracts to watch for the week ahead.
US EIA Weekly Report
This report reviews the key data from the US EIA’s Weekly Petroleum Status Report
Daily Trade Idea: 14/08/2024
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
Bloomberg survey of crude oil price forecasts
This report compares and contrasts the Bloomberg survey of ICE Brent and NYMEX WTI forecast to their high/low range as well the forward curve
Energy futures correlation with the S&P 500 and the DXY dollar index
This report covers the correlation in daily returns (on different rolling window periods) between the main energy contracts listed on the ICE and NYMEX exchange and the S&P 500 and the DXY dollar index.