The National Grid announced its plan to sell Britain’s largest liquefied natural gas (LNG) terminal, Grain LNG, as part of its strategy to streamline operations and focus on networks, as stated during the presentation of its 2023/24 business year earnings.
The July Brent futures flat price softened over the morning, from around $81.40/bbl at 0730 BST to $80.70/bbl at 1115 BST (time of writing).
Long Jun 380 Crack Tighter supplies and relatively healthy downstream demand have strengthened the Asian high sulfur fuel oil complex in recent weeks, although we have seen a drop in the last couple of days we believe it has found
The July Brent futures flat price has completely shredded the gains it made this morning. Having begun the afternoon well-supported, the price rose from $82.35/bbl at 12:55 BST to $82.95/bbl at 14:30 BST, however it was then crushed down to
Brent futures flat price has recently been on a 10 Downing Street-esque spiral, with its previous gains barely outlasting a lettuce.
The July Brent futures flat price has rallied significantly this morning following a weak overnight period.
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
Short Jun 380 E/W It looks like the tide has turned. According to Onyx CoT it indicates that Jun is now overbought, with RSI at 93. As reported Tuesday, it has been on a steady rise, from $21 up to
The July Brent futures flat price has had a fairly unsettled afternoon, initially falling from $82.50/bbl at 12:00 BST to $81.70/bbl by 14:40 BST, before rising to the afternoon’s high of $82.55/bbl at 16:10 BST.
The story in propane has been dominated by the Panama Canal story and limited US exports, leading to strength in internationals.
There has been tepid demand of Sing 0.5% along with Al Zour refinery in Kuwait releasing tenders in April and May for VLSFO meaning there is ample supply. However 380 seems to be a tighter supply at the moment, with
The July Brent futures flat price has had a mixed afternoon, initially falling from $82.50/bbl to the afternoon’s low of $82.10/bbl between 12:25 BST and 13:25 BST. Subsequently, Brent rallied to $83.30/bbl by 16:10 BST, before retracing down back into
Dubai Bling – Two weeks ago, the prompt Brent/Dubai appeared to be hitting a bottom at -14c/bbl with players anticipating a recovery upwards in the near term.
The Dated market has been inundated with weakness. The volatility that we have been seeing in the physical diff has continued and the phys diff reached lows of almost -$1/bbl on May 14.
The naphtha complex has experienced an extremely mixed past fortnight, showing major signs of weakness in the first week before seeing a major influx of strength in the second week, with the prompt MOPJ spread rising from lows of $5.70/mt
