The Mar’26 Brent futures contract has risen from $62.26/bbl at 13:35 GMT to $63.76/bbl at 17:00 GMT (time of writing). In the news, the US has seized the Olina tanker in the Caribbean, which was flying a false flag of Timor-Leste and sailing from Venezuela. The ship was loaded with Venezuelan oil and departed as part of a flotilla on 03 Jan, shortly after the capture of Venezuelan President Nicolas Maduro. According to shipping data, the vessel has returned to the region. Elsewhere, a Reuters survey revealed that OPEC's oil output decreased in December, as supply from Iran and Venezuela ...

In this edition, we take a look at the Feb/Mar'26 FEI propane

In this edition, we take a look at the 3.5% Barge Crack.

Geopolitics dominated the newscycle but has been tentatively shrugged off by the market. The US government said on Wednesday it will call the shots on big decisions in Venezuela and control its oil sales indefinitely after ousting President Nicolás Maduro. There are reservations about the reserves under Venezuela, with this clear from Trump even suggesting subsidies would be available for American companies to rebuild Venezuela's oil infrastructure, but hesitation from these majors is evident. The physical condition of the equipment is extremely poor. It would require a substantial investment in a potentially unstable country, which is enough to put any ...

The Mar’26 Brent futures contract climbed from $60.75/mt at 11:45 GMT to $61.27/bbl at 14:35 GMT, where it briefly met resistance and eased below $61/bbl, before recovering to $61.35/bbl at 17:30 GMT (time of writing)....

See all the updates across the barrel in this week’s Onyx Commitment of Traders report, as well as six contracts to watch. Click on the relevant button below to access your COT report.

The Mar’26 Brent futures contract traded rangebound this afternoon, easing slightly from $60.87/bbl at 13:20 GMT to $60.08/bbl at 17:10 GMT (time of writing). In the news, the US has seized a Russian-flagged tanker after tracking it for over two weeks across the Atlantic. The Marinera, initially called Bella-1, had earlier evaded a US maritime blockade of sanctioned tankers in the Caribbean and fought off attempts by the US Coast Guard to board it. Related, US Energy Secretary Chris Wright has stated that the US needs to manage Venezuela's oil sales and revenue to implement the desired changes in the ...

Cargo buying appetite returned to the Dated Brent market in the new year, following a bout of two-way flow to mark the end of the year....