Daily Trade Idea: 07/08/2024
Long sep dfl After weakening down to lows of around -13c yesterday, we think there is opportunity to look to fade the weakness and take a small long position today on the sep dfl
Daily Trade Idea: 07/08/2024 Read More »
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Daily Trade Idea: 06/08/2024
Short Sep 0.5 Barge crack Demand for LSFO for power generation seems lacklustre due to increase in preference for cheaper alternatives such as natural gas alongside Bunkering appetite for VLSFO was heard to be sluggish with the European holiday season
Daily Trade Idea: 06/08/2024 Read More »
Daily Trade Idea: 02/08/2024
Long Sep 380 Crack Over the last couple of days we have seen a sell off in 380 cracks with Sep going from $-6.23 on the 30th Jul to $-7.74 this morning. We have seen Singapore’s commercial stockpiles of heavy
Daily Trade Idea: 02/08/2024 Read More »
Crude on Track for First Weekly Gain in 8-Weeks
The crude futures have been choppy all week and by Friday morning we saw levels largely trading around the $76-77/bbl handles. Brent prices sank to their lowest since June on Tuesday after being sold off to $73.24/bbl. With the US
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ICE Gasoil – Hold the ICE
As the Yuletide season approaches, it appears that Frosty the Snowman might be opting for remote work engagements, given the latest weather runs in Europe to be at or just above seasonal normal temperatures until early January. Notably, temperatures across
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Arb your Enthusiasm – a look into what is happening in gasoil
ICE LS Gasoil cracks have witnessed a slow, steady albeit incredibly choppy rise this past month. The Jan-24 crack went from $23/bbl on Nov 09 and is currently flirting with the $25/bbl handles. How sustainable is this strength though?
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Brent, are you down down down down down?
This week in Brent a zig-zag with more lows than highs, taking everything else down the barrel along on this rollercoaster ride. Read what Onyx’s traders have to say about it in this week’s Trader Meeting Notes.
Brent, are you down down down down down? Read More »