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.
The August Brent futures contract traded above $85/bbl all afternoon, rallying sharply to $85.90/bbl at 14:20 BST.
June 19 was an eventful day for several reasons, including Just Stop Oil turning Stonehenge orange, Albania recording this Euros’ fourth own goal, Justin Timberlake getting arrested by a young cop who failed to recognise him and, of course, the
From East to West, from trading companies to majors, from Dubai to Brent, the rival BFFs are letting loose their cannonades on one another.
In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s
The August Brent futures flat price has had a relatively flat morning, trading between $85/bbl and $85.40/bbl, aside from a brief fall at 08:45 BST to $84.95/bbl.
The August Brent futures flat price recorded a strong afternoon, climbing to $85.60/bbl at 14:00 BST before falling 20c in the next 10 minutes to eventually rally to $85.80/bbl at 16:05 BST, the highest value for the M2 futures contract
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.
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.
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
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
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.
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.
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.
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
