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Dated Brent Report – 2 Bull 2 Play

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On 17 June, the world went to sleep with the physical differential still in sub-zero territory at -30c/bbl and woke to a whole new regime with the physical diff bid above 1c/bbl. This shift turned starker over the past week, with the physical diff rallying to 128.50c/bbl on 24 June. The July DFL also saw a significant rally from around -48c/bbl a fortnight ago to +93c/bbl this week. 

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.