Arb your Enthusiasm – a look into what is happening in gasoil
November 29, 2023
The ICE LS Gasoil cracks have witnessed a slow, steady albeit incredibly choppy rise this past month.
Reports
(Not) Risky Business
November 29, 2023
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
Cold Snap…
November 28, 2023
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
Will Gasoline Save Crude?
November 28, 2023
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
Heating Oil Makes Its Debut
November 28, 2023
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
Market Shift as OPEC+ Meeting Approaches
November 27, 2023
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,
A look into the future(s)
November 27, 2023
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.
Brent’s having a Black Friday Sale!
November 24, 2023
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
To Trade or Not to Trade? – Ask Alpha
November 21, 2023
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.
Crude Futures on Hold with EIA announcing more builds than Saudi Arabia
November 20, 2023
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
The highs but mostly lows of Crude
November 20, 2023
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.
Welcome to Fuel-Land
November 17, 2023
Brent is down and fuel is ?? Find out in this week’s Fuel Report by Onyx Advisory.
Brent, Bears, Battlestar Galactica
November 17, 2023
How does the week look like for Brent, Gasoil and RBOB? Ask the only crystal ball backed by data from Onyx Advisory.
Brent, are you down down down down down?
November 17, 2023
This week in Brent a zig-zag with more lows than highs, taking everything else down the barrel along on this rollercoaster ride. Read what Onyx’s traders have to say about it in this week’s Trader Meeting Notes.
Speculators Stoke the Flames in HSFO Market Surge
November 15, 2023
We have seen strength in HSFO market recently with the European benchmark experiencing a robust ascent. Notably, the front crack has now reached -$12/bbl handles, indicating a notable shift in market dynamics having failed to find much traction last week.