OnyxMarkets

Onyx Markets is revolutionising access to global oil and FX markets. CFD-retail clients accounts generally lose money.

[OnyxMarkets @Onyx__Markets]

Don’t fill up just yet.
Oil & diesel prices have plunged this week — but the pump? Still near 141p/litre.
Why? The “rockets and feathers” effect:
📈 Prices rise fast
📉 Fall very slow

Give it a few days. Retail lags wholesale.
#Diesel #OilPrices #FuelPrices #BrentCrude

[OnyxMarkets @Onyx__Markets]

While everyone’s focused on flat price, a HUGE shift could be brewing in the Brent vs. Dubai differential due to Iran. Are you missing out on a potential 4:1 win? Listen now to get the inside scoop! #trading #oiltrading #iran #TradingTips #oilandgas #OOTT

[OnyxMarkets @Onyx__Markets]

Building Onyx Markets while flying! 🚀 9 months in, we're adding 26 Time Spreads & Box/Roll contracts (phone-dealt for now!). Full electronic coming soon! Thanks for the journey! CFD and spread bet-retail accounts generally lose money. #OnyxMarkets #Oilprices #behindthescenes🎬

[Harry Tchilinguirian 🛢 @tchiling]

Brent/Dubai swaps: trade houses see an outright position shift between May and June.

Positioning versus Onyx (see charts) in the Brent/Dubai swaps market shows some unusual direction for trade houses in the prompt. In the May contract, trade houses (and to a smaller degree Majors and NOCs) are long vs. Onyx, squaring off with funds on the short side. The unusual long position held by trade houses may be the result of short covering in the aftermath of Saudi OSP decisions, strengthening the Brent/Dubai spread as open interest in the contract saw some decline.

However, trade house positioning vs Onyx is more characteristically short from June onward. This direction is not associated with a hedge to move physical oil from west to east, and is more likely the expression of a directional view on the strengthening of Eastern crude demand. Trade houses are not just short in their outright June Brent/Dubai exposure, but they are also positioning short on May/Jun and Jun/Jul boxes to express their bearish view.

The short bias is interesting in the context of our previous comments that Brent/Dubai has room to move further lower. To get this granular view on positioning in swap contracts, whether in crude or products, check out and subscribe to Onyx's commitment of traders reports, positioning deep dives report, and actual data.

👉 https://t.co/8CRqwffT2L

#oil #OOTT #Brent #Dubai #positioning #tradehouses #cot @Onyx__Markets @Onyx__Edge @onyxcapgroup @OnyxOfficials

[OnyxMarkets @Onyx__Markets]

Meet Josh 9 months in & even I know the oil market's WILD! Prices, OPEC+, trade wars - quick take. #Oilprices #trading #EnergyDebate

[OnyxMarkets @Onyx__Markets]

Onyx Brent: More tenors, tighter spreads, ZERO financing! 🏆 Why trade anywhere else? #oilandgas #OnyxMarkets #CompetitiveEdge

[The Officials @FluxOfficials]

Trump blinks and delays reciprocal tariffs by 90 days and puts the rate to 10%
Oh but he increases tariffs on China to 125%
#OOTT #Oil #Tariffs #Trump

[The Officials @FluxOfficials]

Brent falls under $60/bbl!!!
#OOTT #Oil

[The Officials @FluxOfficials]

The Officials Dubai Assessment: $64.90/bbl
Physical premium: $1.51/bbl - 17c down from yesterday
No convergences
#OOTT #Oil #Dubai

[Harry Tchilinguirian 🛢 @tchiling]

What is up or down with the Brent/Dubai swap spread?

The front-month Brent/Dubai swap was happily weakening in early April, aided in its descent by the announcement on 3 April of an accelerated timeline for the return of OPEC+ barrels from voluntary cuts (at least on paper, as Middle East OPEC+ members Iraq and the UAE have been producing well above their respective quotas for some time now).

Then came the release of Saudi OSPs over the weekend, with the kingdom slashing the price of Arab Light to Asia for May by more than that implied by the change in the Dubai price structure. Aramco's cut was the second in a month and the biggest reduction in more than two years. On Monday, 7 April, the Brent/Dubai spread jumped higher (see hourly chart from ONYX's Flux terminal), with relative weakness in Dubai driving the move, as its price structure collapsed in the prompt while Brent's held relatively steady. The combination of Saudi Arabia raising its production to 9200 kb/d in May (relative to the originally scheduled amount of 9089 kb/d) and aggressive pricing generated views of more ample availability of medium sour grades in the region, with speculation of a return to a market share strategy by Saudi Arabia to counter overproduction.

But, examining the Platts window since April, there has been a steady selling stream of Dubai partials from Chinese entities, amounting to many convergences being declared, equivalent to 20 mb in March. In April, some 12 convergences have been declared to date, with medium sour Upper Zakum being the grade of choice for delivery (thanks @OnyxOfficials). On the buy side, the appetite of trade houses in Geneva has been unrelenting. As such, Brent/Dubai is weakening again as Dubai gets a renewed bounce in its step, as evidenced in the relative move in prompt time spreads vs. Brent. Near-month backwardation in Dubai reached 74 cents a barrel, while Brent is having trouble catching up, stagnating at 42 cents a barrel at the time of writing.

It's hard to say where the motivation for loading up on Dubai is coming from. This may be due to Euro refiners emerging from planned maintenance. If the aggressive buying pattern of March continues in April, Brent/Dubai has room to move lower, possibly back to -$1.60/bbl in my view, the level traded before the OSP announcement. In contrast, strength in physical Brent has been patchy, with the occasional buying flurry in the window recently.

💡 If you want to trade Brent/Dubai, check out @Onyx__Markets at https://t.co/5cOmNBGqDR

#oil #OOTT #Brent #Dubai #OSP @Onyx__Edge @onyxcapgroup

[OnyxMarkets @Onyx__Markets]

Demand shock! ⚠️ Trump's oil strategy shifts markets. Recession fears now key. Is this the new normal? See the analysis. #OilPrices #MarketInsights #Finance

[OnyxMarkets @Onyx__Markets]

The devastating momentum from last week has clearly carried over, with the DAX opening down 10%. Is this the start of a deeper correction? Watch for a quick rundown of the global market turmoil. #GlobalMarkets #StockMarket #Nikkei #DAX #Trading #Finance #EconomicCrisis #Market

[OnyxMarkets @Onyx__Markets]

HUGE news for oil traders! Onyx Markets just dropped its FIRST electronically traded dated oil contracts LIVE on our platform! Ultra-tight spreads GUARANTEED, ZERO overnight financing & MULTIPLE tenors for ultimate precision. See why we're different! #OilTrading #BrentCrude #WTI

[OnyxMarkets @Onyx__Markets]

Trump's new 10% tariffs just dropped! 🚨 Markets are reeling: S&P futures -3%, NASDAQ futures -4.5%, oil prices PLUMMETING. Global trade war fears are REAL. Watch to see the full impact! #TradeWar #MarketCrash #OilPrices #StockMarket #Economics #GlobalMarkets #TrumpTariffs

[Flux Insights @FluxInsights]

In a brand new episode of Trading Corner, Manny and James reveal the positions they'd take in crude, WTI, Brent, and gasoline markets. 📈

Watch the full episode here - or listen wherever you get your podcasts: https://t.co/MiqXnvyxDx

Trade for free with Onyx Markets: https://t.co/wAe774BgQt

Please note, this episode was filmed at 1pm BST on 2nd April, 2025.

#Trading #OilMarkets #CrudeOil #Investing #FuturesTrading #WTI #BrentCrude #Finance #tradeidea #tradeideas #tradingcorner #tradingchat #oil #oilandgas #oott #gasoline #Tradingstrategy #markets #finance #derivativestrading CFD- and spread bet-retail accounts generally lose money.

[OnyxMarkets @Onyx__Markets]

https://t.co/lDdNBo4P05 #TrumpTariffs

[Harry Tchilinguirian 🛢 @tchiling]

The art of the tariff and supply sanctions:

Many analysts and prominent energy consultants are examining President Trump's latest policy initiatives, notably 'secondary' tariffs on Venezuelan and potentially Russian oil, as a means of coercion that may be extended to Iran.

Tariffs are not simply commercial policy tools to address trade imbalances; under President Trump's second term, they have become a new way of implementing foreign policy. Any country found guilty of importing oil from sanctioned countries will see a 25% tariff imposed on the goods it exports to the United States.

The onus of cutting off the oil revenues of sanctioned countries is shifted to their consumers and importers. In the case of Iranian and Venezuelan crude, this means essentially China, and in the case of Russian oil (if it came under secondary sanctions), this means India.

In my view, the effectiveness of 'secondary' sanctions will largely depend on the GDP hit a country will take if its exports to the US are impaired as a result. In the case of China and India, the US is a top trading partner. New US tariffs have already been imposed for the former, making 'secondary' tariffs an additional burden. The open-ended nature of such tariffs, as in the discretion to raise the tariff amount at any moment, could make this an effective tool to force off-takers of sanctioned crude to look for barrels elsewhere.

Do you think 'secondary' tariffs will be applied to Iranian oil to force Iran to sign a new nuclear deal? The same question could be asked about Russian oil to accelerate a peace solution in Ukraine.

#oil #oott #sanctions #US #India #Russia #Venezuela #Iran #Trump @onyxcapgroup @Onyx__Edge

[OnyxMarkets @Onyx__Markets]

Brent Bloodbath for Hedge Funds 💥 While Trade Houses Print $100M | Time ... https://t.co/KIHX45Baa7 #trading #Brent #OOTD

[Flux Insights @FluxInsights]

Will the markets stabilise anytime soon? Partner & Head of Crude Desk Manny Newman weighs in in the latest episode of Trading Corner.

Catch up here, or listen wherever you get your podcasts: https://t.co/On6zKYApUx

Don't forget to visit Onyx Markets! https://t.co/wAe774BgQt

#tradeidea #tradeideas #tradingcorner #tradingchat #crude #refinery #OPEC #oil #oilandgas #oott #fuelmarkets #tradehouses #Markets #Trading #Tradingstrategy #gasoline #finance #derivatives #economics CFD- and spread bet-retail accounts generally lose money.