Dan-got(e) Fuel?
December 21, 2023
Nigeria’s Dangote refinery recently acquired 1mbbls of oil from the state-owned NNPC, its second crude oil cargo this month. What does this mean for movements in oil as we know them?
EMEA
Our latest energy derivatives stories across Europe, the Middle East and Africa.
Latest News
Jan/Feb EBOB takes home $35,000
December 15, 2023
Onyx Brokerage have come up with another winner through longing the Jan/Feb European gasoline spread, netting a profit of $35,000 after a recommended entry at $3.75/mt and securing gains at $2.00/mt.
ICE Gasoil – Hold the ICE
December 15, 2023
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
Arb your Enthusiasm – a look into what is happening in gasoil
November 29, 2023
The ICE LS Gasoil cracks have witnessed a slow, steady albeit incredibly choppy rise this past month.
Will Gasoline Save Crude?
November 28, 2023
To say the least, Q4 has been a volatile quarter so far for the gasoline complex, with prices for the crack spread seeing a U-shaped trend. Weakening US fundamentals on the back of increasing RINs supply was one of the
Nigeria launches Nembe
November 10, 2023
Nigeria has officially launched a new grade of crude oil, Nembe.
Edge Updates
Dated Brent: You Can’t Handle The Bull
March 19, 2024
In January, we saw a very bullish market, with genuine supply tightness, and what we ended up with was a market that jumped the gun, and got too short too soon ahead of maintenance.
Dramatic Week in North Sea Crude
March 12, 2024
The past week in the North Sea crude market has been rather dramatic…
CFTC Report: Money managers close positions
December 4, 2023
The week to Nov 07 saw a continuation of long money managers closing positions, marking two consecutive weeks of removing length, closing over 15mbbls, or 6.3% of all long positions in the week with length now at a four -week