Data Vault Reports
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.
Onyx Positioning Report – 06 January 2025
This report aims to provide a position index for energy futures between -50 and 50, with 0 as the neutral position. The full methodology is at the back of the report. When the position index is at the extremes, above 40 or below -40, the market is overstretched relative to its average position in the previous 3-year rolling window. As such, it is ripe for mean reversion. Consequently, when the index is high, deleveraging will follow, having a negative impact on price, while when the index is low, we expect accumulation that will push the price higher.
Flux CFTC Style COT Reports – 05 January 2025
Looking at Flux Insight’s CTA positioning for the week ending 05 Jan, CTA net positioning saw little net change across all products. Middle distillates remain the highest out of the products, although heating oil is no longer higher than gasoil, with the values flush. There are no clear patterns in the products with CTA positioning in the bottom half of the index. RBOB remains at the lowest net position, at -42k lots and is verging on a score below -45. For RBOB Futures, when the index is below -45, front-month prices revert up 60% of the time one week later, with an average gain of 1.36%.
Refinery Margins Report
n the week ending 02 January Refinery Margins saw little change across all regions: Asian M1 Margins up to $9.58/bbl (+$0.24/bbl w/w), European M1 Margins up to $6.50/bbl (+$0.23/bbl w/w), and US Margins down to $11.71/bbl (-$0.17/bbl w/w)
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.
Onyx Positioning Report – 16 December 2025
This report aims to provide a position index for energy futures between -50 and 50, with 0 as the neutral position. The full methodology is at the back of the report. When the position index is at the extremes, above 40 or below -40, the market is overstretched relative to its average position in the previous 3-year rolling window. As such, it is ripe for mean reversion. Consequently, when the index is high, deleveraging will follow, having a negative impact on price, while when the index is low, we expect accumulation that will push the price higher.
Flux CFTC Style COT Reports – 15 December 2025
Looking at Flux Insight’s CTA positioning for the week ending 15 Dec, CTA net positioning saw a downtrend deeper into negative territory for both crude and the products. Overall net positioning fell from close to -86k lots on 08 Dec to -142.0k lots on 15 Dec. This shows a consistent downtrend for the combined contracts, with net positioning around flat in mid-November. CTA positioning in Brent and WTI is at its lowest level since late October. RBOB remains at the lowest net position, at -37.6k lots, but the drop across the barrel is clear, with a selling momentum evident from CTAs.
Refinery Margins Report
In the week ending 12 December, Refinery Margins fell across all regions: Asian M1 Margins down to $10.61/bbl (-$0.16/bbl w/w), European M1 Margins down to $7.66/bbl (-$1.04/bbl w/w), and US Margins down to $13.44/bbl (-$1.29/bbl w/w).
Asian margins were driven down by Sing Gasoil cracks, which fell by -$0.72/bbl w/w. The 380 Crack also fell on the week by -$0.33/bbl. Dubai Cracks however saw some strength with MOPJ Dubai Cracks rising by +$0.82/bbl, and 92 Dubai Cracks rose by +$1.21/bbl. w/w.
In Europe 3.5 Bgs crack were the biggest mover, falling by -$0.88/bbl w/w, while GO Cracks also weakened, falling by -$0.65/bbl.
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
Onyx Positioning Report – 09 December 2025
This report aims to provide a position index for energy futures between -50 and 50, with 0 as the neutral position. The full methodology is at the back of the report. When the position index is at the extremes, above 40 or below -40, the market is overstretched relative to its average position in the previous 3-year rolling window. As such, it is ripe for mean reversion. Consequently, when the index is high, deleveraging will follow, having a negative impact on price, while when the index is low, we expect accumulation that will push the price higher.
Flux CFTC Style COT Reports – 08 December 2025
Looking at Flux Insight’s CTA positioning for the week ending 08 Dec, CTA net positioning saw a contrast in performance between crude and the refined products. The former saw net gains over the week, rising towards a relatively neutral position from an index perspective. Meanwhile, Gasoil and Heating Oil extended their decline, though positioning is expected to bounce higher on 08 Dec. Finally, net positions in RBOB have bottomed out around -27k lots, where positioning is the most bearish out of the 5 contracts.
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