Reports

Gearing Up For Volatility

OPEC has once again seized the spotlight with their latest proclamation on November 13. In a bold assertion, they’re pinning the recent crude oil price rollercoaster squarely on the shoulders of speculators. These market maestros, according to OPEC, have been playing up the doom and gloom. 

Cocaine [Brent and WTI] Bear

Declining oil prices saw both Brent and WTI decrease for the third consecutive week, dragging both prompt futures price actions below $80/bbl to 3-month lows of $79.54/bbl and $75.33/bbl on Nov 8 for Brent and WTI, respectively. The bearish addiction

Sky High Speculations in the Kerosene Market

The recovery of Asian jet fuel markets has been gradual over recent months, yet recent trends have shown some signs of support. In the context of Asia, China’s role is pivotal as it constituted approximately 20% of the region’s international

Pulp Futures

The market is in flux, with Brent and RBOB channeling their inner Vincent Vega and Mia Wallace. Brent has got its bearish groove on, while RBOB’s cautiously strutting a bullish outlook, likely fueled by some refinery drama.

How the Panama Drought is Swelling LPG Prices

The Panama Drought’s Flow-on Effect in the LPG Market: The LPG market will need to stay agile in the face of these evolving conditions, with price volatility expected to persist as the market seeks a new equilibrium.

CFTC Report: Money managers close positions

The week to Nov 07 saw a continuation of long money managers closing positions, marking two consecutive weeks of removing length, closing over 15mbbls, or 6.3% of all long positions in the week with length now at a four -week