Brent weakens on EIA-announced crude build
June Brent futures flat price witnessed a choppy afternoon, rallying back into the $90/bbl region at 14:10 BST but failing to maintain this level and falling to $88.95/bbl come 16:10 BST.
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Putting The ‘L’ in LPG
The LST/FEI arb witnessed notable weakness in the first week of the fortnight. Prompt prices fell from -$160/mt on Mar 27 to lows of -$186/mt come Apr 02, before retracing to above the -$180/mt mark for the rest of the week.
From the F1 to the Trading floor; Onyx Capital Group Welcomes Chris Gooder as Performance Director
Onyx Capital Group is proud to announce the appointment of Chris Gooder as the new Performance Director for Trading. With a distinguished background in Performance Psychology, including notable experience in Formula 1, Gooder brings a wealth of expertise in optimising
Brent Softens Below $90/bbl
Prompt Brent futures flat price has witnessed a relatively weak afternoon period. Prices were initially stable around the $90.50/bbl mark, reaching highs of $90.71/bbl at 13:10 BST. However, since then prices slipped lower, reaching $89.56/bbl at 16:12 BST.
Naphtha Report: FLOP-J
This past fortnight has seen a far weaker naphtha complex in both regions, yet, the East has performed slightly better in the past couple days.
Brent/Du-buy buy buy: Dubai Market Report
The past fortnight forced the May Brent/Dubai out of its range, with price action plummeting from +15c/bbl on Mar 25 to a low of -40c/bbl on Apr 02.
Brent Happy Around $90.50/bbl Mark
The Brent Futures prompt contract has seen a volatile morning, opening around $90.60/bbl before oscillating from lows of $90.40/bbl up to highs of $90.93/bbl at 08:50 BST.
Trade Wars: Return Of The Alpha
With another week comes a fresh slew of trade ideas by Onyx Research.
A Tale of Two Margins
Refinery margins calculate a refiner’s profit margins – and usually, we see Asian margins tower over their European counterparts. Why then have M1 Asian margins lately fallen under European margins? Find out the “crude” details about this in our latest article.