Group CEO Greg Newman is joined by Martin Shearman-Brettle, Broadcast and Multimedia Studio Manager, for a special episode of the CEO’s Address. Martin discusses their unique career journey, from esports to news and sports production, and how these experiences shaped Onyx’s innovative approach to media. They share insights into bringing production in-house, transforming it into a major differentiator, and making Onyx a leading voice in financial media. Greg and Martin also explore the democratis...
Feb 11, 2025•48 min
This special episode of Macro Mondays LIVE from Singapore aired at 12pm GMT on Monday, 10th February 2025. Join us every Monday at 12:30 PM UK time for Macro Mondays LIVE with James Brodie, as we unpack the major developments shaping global markets and look ahead to a pivotal week. Key highlights this week: - We're seeing stronger US economic data and employment data - but Fed is still wary of inflation. - Chinese tech stocks are looking strong. - Bank of England cut 25bp - but central bank warn...
Feb 10, 2025•21 min
Join The Officials - Director of Benchmarking, Jorge Montepeque and Research Analysts William Cunliffe and Edward Hayden-Briffett - for a brand new episode. They unpack and analyse the effects Trump's tariffs have had on the oil market so far - and what could happen in the near future. Jorge, Ed, and Will discuss the diverse reaction of different governments to the new tariffs, how the tariffs have impacted the global economy so far, how US refiners have been impacted, and even how Trump's globa...
Feb 07, 2025•18 min•Season 2Ep. 4
Onyx Research Associates Mita Chaturvedi, Martha Dowding, and Vincent Wu join Group Head of Research Harry Tchilinguirian to discuss the direction of oil prices in the wake of a volatile week of Trump tariffs. Traders are on edge after the US' decision to delay tariffs on oil imports from Mexico and Canada. China has also responded, introducing selective tariffs on U.S. coal and LNG. Brent was sitting just under $75/bbl at time of recording, and while the postponement eased immediate concerns, t...
Feb 06, 2025•36 min•Season 2Ep. 5
Welcome back to the first episode of Trading Corner for 2025. Manny and James break down the latest moves in crude and product markets amid volatile headline-driven price action. They discuss the key factors impacting Brent and Dubai spreads, refinery maintenance, trade house positioning, and shifting demand signals. Plus, they explore the impact of potential Iranian sanctions, Russian supply disruptions, and OPEC’s production strategy on fuel markets. Will Crude weakness persist, or are there h...
Feb 05, 2025•18 min
This episode aired live at 12:30pm UK time. Join us every Monday for Macro Mondays LIVE with James Brodie, as we unpack the major developments shaping global markets and look ahead to a pivotal week. Key Highlights: -Trump implements 25% tariff on Mexico & Canada, 10% on China. Trump has said the EU is "really out of line," and has warned of potential 100% tariffs if BRICS attempt to replace US dollar. -Bitcoin volatility is spiking, with Ethereum down -37%. Key support 91,370. -DeepSeek upe...
Feb 03, 2025•37 min
In this festive episode of The Officials, Jorge, Vincent, Will and Ed delve into the fast-moving dynamics of the global oil market, exploring the bearish factors driving prices below $77/bbl, the new disruptor in the AI space, and key macro themes. Topics in today's episode include: • Traders take a break for Chinese New Year. • DeepSeek disrupting the AI space. • The Trump effect, as the market the market unwinds length. • Hawkish FOMC and the impact of higher for longer rates. Trade with Onyx ...
Jan 31, 2025•9 min•Season 2Ep. 3
Welcome to a special edition of The Watchers on Oil Insights! Head of Research, Harry Tchilinguirian is joined by Jorge Montepeque, Head of Benchmarks & Reporting, to analyse the market impact of President Trump’s early days in office. At the time of recording (11.00am GMT), Brent futures were trading at $77.50/bbl, following a sharp decline amid US equity turbulence and China’s AI advancements. Harry and Jorge break down the effects of Trump’s executive orders, trade policies, and market po...
Jan 28, 2025•34 min•Season 2Ep. 4
Join us this Monday at 12:30 PM UK time for Macro Mondays LIVE with James Brodie and James Todd, as we unpack the major developments shaping global markets and look ahead to a pivotal week. Key Highlights: DeepSeek's Disruption: U.S. tech stocks tumble as DeepSeek's cost-effective AI model challenges the dominance of advanced chip manufacturing, sending Nasdaq down 3.4%. Nvidia faces a -5% open. Trump's Tariffs: A 25% tariff on Canada and Mexico starting February 1st rattles markets, alongside c...
Jan 27, 2025•35 min
This episode of Trading Corner dives into the dynamics of global crude oil markets, focusing on refining margins, shifts in supply due to sanctions, and the impact of Chinese New Year on market activity. Manny and James discuss fluctuations in Brent and Dubai spreads, the influence of geopolitical factors, and the challenges posed by varying demand across regions. They also highlight the extreme market sensitivity to sentiment and headlines, making trading strategies more nuanced and cautious. h...
Jan 24, 2025•23 min
With Harry Tchilinguirian away, Vincent Wu hosts today's episode of Oil Insights and discusses the latest oil market developments with Onyx Research Associates Martha Dowding and Mita Chaturvedi. They discuss Trump's day one executive actions in relation to energy, including his declaration of a national energy emergency and intention to fill up the SPR. The team also discuss the potential impact of tariffs on the global petrochemicals trade, as well as the Houthis lifting the "ban" on internati...
Jan 23, 2025•39 min•Season 2Ep. 3
In this episode of The Officials , Jorge, Ed, Will and Martha delve into the fast-moving dynamics of the global oil market, exploring the bullish trends driving prices above $82/bbl and the geopolitical forces fueling this surge. Key topics in today's episode include: The impact of impending U.S. sanctions and tariffs under the Trump administration. A scramble for crude as nations like China and India rush to secure supply ahead of potential restrictions. The astonishing premiums on Dubai-relate...
Jan 16, 2025•24 min•Season 2Ep. 2
With Harry Tchilinguirian away, Mita Chaturvedi hosts today's episode of Oil Insights and discusses the latest oil market developments with Onyx Research Associates Martha Dowding and Vincent Wu. Key topics include the impact of the Biden administration's latest slew of sanctions against Russian oil and its impact on the Brent/Dubai spread as Chinese and Indian refiners look for alternatives to Russian crude oil. The episode also delves into changes in ICE Brent positioning as per the latest Com...
Jan 16, 2025•23 min
This special episode of Macro Mondays aired live at 17:00 UK time on Friday, the 10th of January after U.S. monthly payrolls were released. Highlights of This Week's Macro Trends: - U.S. Economy: A surprise surge in U.S. payrolls (+256K) with unemployment steady at 4.1%. Hawkish commentary from Fed officials underscores inflation risks, while the steepening U.S. yield curve hints at continued equity volatility. - Global Markets: Chinese deflationary fears deepen, with CPI at +0.1% and PPI at -2....
Jan 13, 2025•35 min
In the first episode back of Oil Insights for 2025, host Harry Tchilinguirian, Group Head of Research at Onyx Capital Group, is joined by Research Associates Martha Dowding, Vincent Wu, and Mita Chaturvedi. Together, they analyse the buoyancy of Brent oil futures in early 2025, currently trading in the high $70/bbl, amidst a weak fundamental outlook for 2025. The discussion explores key factors driving recent market trends, including: The reversal of risk-taker positioning and the resurgence of ...
Jan 10, 2025•30 min•Season 2Ep. 1
Join The Officials, Director of Benchmarking, Jorge Montepeque and Research Analysts William Cunliffe and Edward Hayden-Briffett for their first episode back for 2025. They kick off the year by diving into critical economic trends shaping the global landscape. The Officials (spanning from Singapore to London), unpack early observations about China's evolving economic strategies, the ripple effects of US policies, and the challenges facing sovereign debt markets. Jorge, Edward and Will discuss; C...
Jan 09, 2025•17 min•Season 2Ep. 1
This week brought a range of notable market and economic developments. The U.S. dollar started the year on a strong note, reaching new cycle highs above 109. This strength pushed the EUR/USD to its lowest levels in over two years and led to significant discussions around global currency stability, with the USD/CNY breaking above 7.33—a move interpreted as a deliberate policy decision by China to weaken its currency. In manufacturing data, the U.S. ISM Manufacturing Index rose slightly to 49.3 in...
Jan 06, 2025•34 min
In the final episode of Oil Insights for the year, host Harry Tchilinguirian, along with the Onyx Research team—Martha Dowding, Vincent Wu, Will Cunliffe, and Edward Hayden-Briffett—recap the key drivers of the 2024 oil market and explore their implications for 2025. Topics include geopolitical risks, divergent global oil demand forecasts, OPEC+ production strategies, and macroeconomic shifts like monetary policy easing and China’s economic challenges. The team also discusses Donald Trump's re-e...
Dec 20, 2024•56 min•Season 1Ep. 17
Live from Chongqing, China! Jorge dives into the latest oil market recovery as prices edge towards $75. He breaks down the Top 10 Reasons Why Markets Have Turned Back, highlighting key global trends and insights. From China’s increased quotas and state company purchases to Saudi Arabia’s strategic price cuts and the UAE’s surprising production cuts, Jorge explores the driving forces behind this market shift. He also touch on China’s economic rebound, Europe’s rate cuts fuelling crude demand, and...
Dec 16, 2024•6 min•Season 1Ep. 20
This episode aired live at 12:30pm UK Time. James Brodie and James Todd look at the previous weeks Macro events and to the week ahead. In US data, inflation is trending higher, pushing both yields and the dollar higher, and this is a definite warning signal for 2025. Job postings are continuing to fall, but small business sentiment is surging leading up to Trump's inauguration. Equity investors are looking the most bullish ever, as Nasdaq reaches new all-time highs. In China, yields are trending...
Dec 16, 2024•24 min
This episode of Macro Mondays aired live at 12:30pm UK Time. James Brodie and James Todd look at the previous weeks Macro events and to the week ahead. This week, we discuss falling global bond yields as both American and Canadian unemployment saw increases, while ISM Services PMI surprisingly fell sharply. Data over the weekend also highlighted continued deflation in China, while Japanese salaries saw a record gain with the BOJ expected to hike on the 19th of December. In Europe, the French pol...
Dec 09, 2024•34 min
Manny and James dive into the dynamics of crude oil and refined product markets as the year winds down. They analyse Brent spreads, distillates, and gasoline demand trends, highlighting bearish sentiment for next year balanced by current storage economics. They discuss refinery margins, potential impacts of cold weather on markets, and trading strategies for Brent spreads and gasoline heading into summer. With an eye on OPEC+ actions, freight dynamics, and shifting demand between regions, they w...
Dec 05, 2024•16 min•Season 1Ep. 11
In this special mini episode, "The Watchers" (Director, Benchmarks, Jorge Montepeque and Group Head of Research, Harry Tchilinguirian) react live to the collapse in Brent flat price as the OPEC+ meeting convenes. We've seen a loss of over $2/bbl in the last 24 hours and OPEC+'s delay of barrels returning by 3 months, while some countries continue to exceed their OPEC+ production limits.
Dec 05, 2024•6 min•Season 1Ep. 19
This episode of Oil Insights was recorded on 3rd December, 2024 at 10:30am GMT. In this special edition episode, "The Watchers" (Director, Benchmarks, Jorge Montepeque and Group Head of Research, Harry Tchilinguirian) discuss the oil market over the past week. Harry and Jorge take a critical look at the dynamics surrounding OPEC+'s upcoming meeting that's been delayed. They unpack the underlying tension and dissent among member states leading up to the meeting, as well as what to expect from the...
Dec 03, 2024•27 min•Season 1Ep. 16
This episode of Macro Mondays aired live at 12:30pm UK Time as James Brodie and James Todd look at the previous weeks Macro events and to the week ahead. This week, the S&P 500 hit a new all-time high and is trending higher overall. US consumer confidence and US Black Friday online sales hit a highs as well, and stock market optimism has soared. On the other hand, US new home sales fell 17.3% while US homes for sale continued to trend high. US debt looms and the yield suggests a dollar top i...
Dec 02, 2024•27 min
In this episode of The Officials, Jorge, Harry, and Will delve into a range of critical topics shaping energy markets and global economics. They begin with the impact of potential tariff escalations in North America, discussing how proposed policies may affect energy prices and trade dynamics, with a focus on U.S. relationships with Canada and Mexico. The discussion transitions to OPEC’s struggles with production quotas and internal disagreements, as well as the broader implications of supply dy...
Nov 29, 2024•20 min•Season 1Ep. 18
This episode of Oil Insights was recorded on 26th November, 2024 at 11am GMT. Onyx Research Associates Vincent Wu and Mita Chaturvedi join Group Head of Research Harry Tchilinguirian to discuss price action and major events in the oil market over the past week. Following Trump’s re-election, the oil markets are bracing for potential policy shifts, including proposed tariffs and energy production increases. Harry, Mita, and Vincent explore the price outlook, geopolitical developments from Ukraine...
Nov 26, 2024•28 min•Season 1Ep. 15
This week brought a flurry of critical developments, with Scott Bessent named as Treasury Secretary, signaling potential shifts in U.S. fiscal policy. Known for his bond market expertise, Bessent’s appointment caused gold prices to dip and led to fresh buying of bonds with 10-year yields falling 7bp on Monday's open. Meanwhile, Bitcoin hit an all-time high of $99,500, reflecting growing crypto optimism under the new administration. In economic data, the U.S. saw mixed PMI numbers, with services ...
Nov 25, 2024•30 min
In this episode of The Officials, Jorge, Ed, Will, and Mita dive deeper into the evolving world of electric vehicles and how they're affecting the energy markets. In China, data is highlighting surging sales of new EV models and insurance registrations - likely thanks to the rapid advancements in quality and affordability. They also touch on how broader Chinese economic confidence, credit trends, and real estate developments are influencing spending patterns and demand for resources. The Officia...
Nov 21, 2024•21 min•Season 1Ep. 17
Group CEO Greg Newman is joined by Onyx Direct Trader Vicky Chen for a special episode of the CEO's Address. Vicky discusses the experience and learnings she's gained since she joined Onyx seven years ago with no prior direct trading experience. As Vicky's been with Onyx, the team has expanded to provide enhanced direct trading services in more languages and in more regions. She and Greg discuss the challenges involved in providing services and market updates to clients 24/5 - and how onyx plans...
Nov 20, 2024•37 min
