LPG Report: US Propane Rally? Blink and You’ll Miss It
June 19, 2024
It was a fortnight of two halves for the LST/FEI as price action in the prompt rallied to -$200/mt but has subsequently fallen off.
Reports
Overnight & Singapore Window: Brent Comfortable Above $85/bbl
June 19, 2024
The August Brent Futures flat price has been fairly flat this morning following a brief drop-off from $85.40/bbl to just below $85/bbl between 07:00 BST and 07:45 BST.
Daily Trade Idea: 19/06/2024
June 19, 2024
Short July 0.5% Sing Crack With cargos of LSFO arriving from Dangote refinery in Nigeria we have seen cracks come off. Demand is still tepid at best, so we are following the trend with this trade. For brokerage services across
European Window: Brent Hits $85/bbl
June 18, 2024
The August Brent Futures flat price has had a strong afternoon, following an initial flat period from 12:00 BST to 14:00 BST. The price rallied from $84.20/bbl at 14:05 BST to $85.25/bbl at 16:20 BST, after which it has retraced to below $85/bbl
Naphtha Report: Spreading Strength
June 18, 2024
The dichotomy between a weaker physical and stronger financial market continues to linger in the naphtha complex. This divergence is perplexing especially when considering the acute weakness in gasoline.
Dubai Market Report – Dubai? More like Do-sell!
June 18, 2024
It seems like the flipping of the calendar month has brought with it a debilitation of Dubai’s strength. The prompt contract has returned to what would be arguably ‘normal’ positives, considering the makeup of the barrel.
Up-Dated Supplementary Report – Forties’ Coming Home
June 18, 2024
The Dated Brent market has kicked into high gear as structure mounted an impressive rally. Whilst June barrels are pricing weakly, sentiment is more bullish for July-loading barrels, with the Buzzard disruption helping clear the Forties overhang.
Onyx Alpha: Disembark the Propane Train
June 18, 2024
With another week comes another selection of new trade ideas by Onyx Research. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on Onyx Commitment of Traders (COT) and Flux Financials data.
Overnight & Singapore Window: Brent Comfortable Above $84/bbl
June 18, 2024
The August Brent futures flat price has had a flat morning, trading predominantly in a narrow range of $84.00-$84.20/bbl. The only notable move was a dip from $84.20/bbl to $83.70/bbl between 08:50 BST and 09:40 BST, however, the price immediately retraced back above $84/bbl, where it sits as of 11:15 BST.
Daily Trade Idea: 18/06/2024
June 18, 2024
Short July/Aug 0.5 Sing Oil refiners across Asia are bringing back some idled capacity after maintenance, As much as 400,000 barrels of daily capacity, or more than 10% of what was taken down last month, will return to service in
European Window: Brent approaches $83.80/bbl
June 17, 2024
August Brent futures flat price initially saw choppy price action taking the contract in and out of the $83/bbl handle until 15:00 BST. Following this, we saw the Aug contract register a steadier rise to $83.77/bbl at 17:40 BST (time of writing).
The Officials: Volume 1, Issue 10 (Europe)
June 17, 2024
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 our team of dedicated professionals.
Futures Report: Futures Rally as European Markets Tumble
June 17, 2024
Technical indicators showed a resurgence of strength from crude and into the products, as all 3 futures rallied in the week, lifting them all to the neutral territory for RSI and Bollinger band.
CFTC Weekly: Gooooaaaal! Bullish Sentiment Returns
June 17, 2024
For the week to June 11, money managers significantly reduced their short positions whilst keeping their long positions fairly stable across the Brent and WTI futures benchmarks as traders reacted bullishly following the cratering prices of the previous week.
Daily Trade Idea: 17/06/2024
June 17, 2024
Long Jul Barge 0.5% Crack We have seen a rise in the Jul crack this morning. Although there has been good supply of LSFO recently, the market position has been getting longer according to Onyx CoT.