Explore every episode of the podcast Flux News
| Title | Pub. Date | Duration | |
|---|---|---|---|
| Macro Mondays LIVE | US Data - Critical Week! | 02 Sep 2024 | 00:37:04 | |
China saw its weakest manufacturing PMI data since February this week, with a fourth consecutive contraction. In the US, PCE inflation data came in below expectations, while Q2 GDP and consumer confidence came in higher. The Q2 GDP data is very backward looking, and this week’s U.S. PMIs and employment data are of critical importance - particularly with the next Federal Reserve central bank meeting on 18th September. | |||
| The Officials: Bull In The China Shop | S1 E7 | 29 Aug 2024 | 00:19:25 | |
In the latest episode of The Officials, special guest Michal Meidan, Director, China Energy Programme at Oxford Institute for Energy Studies joins Jorge Montepeque, Harry Tchilinguirian, Vincent Wu and new Official Edward Hayden-Briffett to discuss China’s impact on the financial energy market and demand. The picture isn’t pretty for China at the moment. Sentiment is weak and it’s been a difficult year for the economy, with real estate downturn and expenditure down as well. The east is also seeing fundamental changes to the structural economy such as the growth of EV’s and robots. The Officials discuss where China’s supply and demand for energy products could go next. We hope you enjoy our seventh episode of The Officials, a new show from the team behind Onyx’s Benchmark Publication and helmed by Jorge Montepeque the architect of benchmarks and services that shape our world today. To read the latest report by The Officials, click here; https://www.onyxhub.co/news/all/the-officials-asia-29-08-24/ | |||
| Oil Insights | Pilot Episode | 13 Aug 2024 | 00:30:49 | |
Welcome to the pilot episode of Oil Insights, hosted by Harry Tchilinguirian, Head of Research at Onyx, alongside co-hosts Martha Dowding and Vincent Wu, Research Associates at Onyx. The oil market has been on a wild ride in the past week and change, selling off violently amidst unwinds in other classes, notably FX and the Yen carry trade. The risk-off mood across risky assets did, however, stabilise, with oil back above $80/bbl. The VIX index, the volatility indicator of the S&P 500, a measure of nervousness, has retraced more than half of its spike of 5 August, indicating some of the jitters of last week have subsided, even as more position unwinds are expected, albeit smaller in amount now. Onyx's CTA net positioning model indicates that short positions have potentially ‘bottomed out,’ signalling a return to an uptrend. CFTC data highlights that short positions remain exceedingly high in Brent futures, with shorts increasing at the fastest pace since the post-OPEC meeting. The long-to-short ratio in Brent is currently at 1.09:1.00, placing it in the 1st percentile—a level not seen since March 2020. Additionally, we’re observing significant refiner selling across September, October, and the September/October DFL period, with fund selling in August/September DFL. In the CFD market, our data suggests that last week’s buying flows have transitioned into selling. While September’s structure has been well supported, the rally may have peaked at these levels, leading to profit-taking flows. Rather than delving into a single story for our Googling Oil segment, the research team focuses on a prevailing theme in the oil market: the growing mention of Iran in numerous articles, driven by resurgent geopolitical tensions. Over the weekend, Iran reiterated its intention to retaliate against Israel amidst a buildup of US military assets in the Middle East, including F22 fighter jets and a submarine equipped with guided missiles. As Martha explains, the last time we witnessed a similar scenario was in mid-April. During that period, we observed a range-bound price action lift leading up to an attack, a two-week delay and then a relaxing in crude futures. This week's most interesting product is gasoline, with the summer driving season entering its final weeks. The weekly US data may underestimate demand, but the money managers are extremely short. The market seems vulnerably short, but will there be a spark to drive it higher? We’d love to hear from you! If you’d like to get involved with our podcast, please leave a comment and subscribe to our YouTube channel, the World of Oil Derivatives. Chapters for this episode are: | |||
| OPEC+ Cuts Again | Winners and Losers | S5 E10 | 06 Jun 2023 | 00:32:11 | |
In this episode the Onyx Research team react to the outcome of the latest OPEC+ meeting and the Saudi output pledge. | |||
| From Cuts to Content | Anticipating OPEC+ & The Success of #WuFridays | S5 E9 | 30 May 2023 | 00:47:23 | |
In this episode Greg Newman and Vincent Wu discuss the market dynamics surrounding another potenital OPEC+ cut. Plus - insight into the genesis and growth of #WuFridays | |||
| The Data Frontier | Driving Innovation in Oil Swaps | S5 E8 | 23 May 2023 | 01:04:02 | |
Greg Newman speaks to the Onyx Data team. Discover how the integration of data-driven strategies is revolutionising decision-making processes, enhancing operational efficiency, and fuelling innovation within the oil swaps landscape. | |||
| Fuelled for Success | The Reawakening of the Oil Market | S5 E7 | 19 May 2023 | 00:40:52 | |
In this episode Greg Newman and the Onyx Research team discuss the resurgence in the markets. Plus - will OPEC cut again? | |||
| The Unexpected Perspective | S5 E6 | 09 May 2023 | 00:49:31 | |
On the agenda this week is the evolution of trading culture. Plus - how did we build our research team here at Onyx? And - how much recognition are financial flows getting in the derivatives market today? | |||
| Markets & Casinos | Trading Philosophy | S5 EP5 | 03 May 2023 | 00:50:40 | |
This week; the team discusses BP's profits hitting $5B whilst shares slip on slowing buybacks. Plus - how much do we know about diesel and gasoline being smuggling out of Iran? And - is trading at all like gambling? | |||
| The Financialisation of Oil | A Reality Check | S5 E4 | 26 Apr 2023 | 00:47:32 | |
In this episode Greg Newman and the Onyx Research team discuss Chinese fuel demand, weak refinery margins, and the natural gas market. | |||
| The Right Side of History | Just Stop Oil | S5 E3 | 21 Apr 2023 | 00:52:16 | |
Greg Newman is joined once again by the Onyx Research team. In this episode - the team discuss Just Stop Oil, the future of renewables and recession fears. | |||
| OPEC+ Cuts & East VS West | S5 E2 | 14 Apr 2023 | 00:40:48 | |
We're back! Greg Newman is joined by the Research team in Onyx's brand new studios. In this episode - the team discuss OPEC+ cuts, the media's reaction and much more. Ehsan Massah | |||
| Becoming a Junior Trader with Tara Uttamaram & Pranav Menon | S5 EP1 | 22 Jun 2022 | 00:43:14 | |
We start the new season with some new traders. Greg is joined by two of Onyx Commodities freshest recruits Tara Uttamaram & Pranav Menon. For those interested in a career in financial oil trading, this episode is for you. | |||
| Macro Mondays Live | Japanese Stock Crash & Bitcoin Sell-Off | 12 Aug 2024 | 00:36:19 | |
Macro Specialist James Brodie and Direct Trader James Todd weigh in on the macro markets’ moves over the past week on the back of the data released last week including central bank rate hikes and cuts, U.S. ISM manufacturing and serviced data and U.S. employment data. | |||
| The Calm Before the Hedging Storm? - Ehsan Massah S4EP11 | 20 May 2022 | 00:29:04 | |
In this week’s podcast, Ehsan Massah, Analytics Associate at Onyx Advisory, returns. Greg and Ehsan take a detailed look at current market dynamics across products and look ahead to what could be some turbulence to come, as margin hedging flows come under pressure. | |||
| Becoming an Onyx Trader with Omar Kayaam | S4 EP10 | 11 May 2022 | 00:37:13 | |
What does it take to be a trader at Onyx? On this week’s episode of the podcast Greg is joined by co-founder of Onyx and Director of Trading, Omar Kayaam. They reflect on the Onyx journey, what qualities it takes to succeed in a trading environment and current market volatility. You can find both Greg and Omar on LinkedIn Greg Newman, Onyx Capital Group’s CEO Omar Kayaam, Co-Founder at Onyx Capital Group | |||
| A Trader’s Perspective on Carbon with Eric Rubenstein | S4 EP9 | 29 Apr 2022 | 00:31:40 | |
In this week’s episode, Greg speaks with Managing Partner of New Climate Ventures, Eric Rubenstein. The pair speak about the robustness of the carbon market in the face of economic volatility, the momentum created by consumer demand, and the reality of trading carbon. You can find both Greg and Eric on LinkedIn: Eric Rubenstein, Managing Partner of New Climate Ventures | |||
| The Realities of the Hydrogen Debate with Erik Rakhou | S4 EP8 | 20 Apr 2022 | 00:34:34 | |
In this week’s episode, Greg is joined by Erik Rakhou, co-author of ‘Touching Hydrogen Future’, a free to download book that presents a vision of Hydrogen’s potential in economies globally. You can download the book here. https://europeangasmarket.eu And you can find Greg on LinkedIn here. | |||
| Russian Supply, OPEC and Understanding the Dated Brent Contract | S4E7 | 13 Apr 2022 | 00:25:05 | |
In this week’s episode, Greg explains the crisis around Russian oil and gas supply, the response from OPEC and why the upcoming changes to the Dated Brent contract are so significant. Greg Newman, Onyx Capital Group’s CEO https://www.linkedin.com/in/oilderivatives/ | |||
| Financial Systems Driving Markets with Ehsan Massah | 23 Mar 2022 | 00:26:50 | |
In this week’s episode Greg is joined by Ehsan Massah, Analytics Associate at Onyx Advisory. You can find both Greg and Ehsan on LinkedIn: Greg Newman, Onyx Capital Group’s CEO Ehsan Massah, Analytics Associate at Onyx | |||
| Brent Sell Off & Geopolitical Outlook for Oil with Bjarne Schieldrop | 16 Mar 2022 | 00:26:01 | |
Season 4, Episode 5 You can find both Greg and Bjarne on LinkedIn: | |||
| OPEC+, Sanctions and Russian Supply with Bassam Fattouh | 02 Mar 2022 | 00:31:59 | |
Season 4, Episode 4: In this week’s episode Greg is joined by Dr Bassam Fattouh, Director of the Oxford Institute for Energy Studies. They discuss the impact of potential loss of Russian oil supplies on the oil market, the Saudi response to the Iran deal and the urgency surrounding the North Sea Contract. | |||
| Russia Ukraine Impact on the Oil Market with Bloomberg's Mike McGlone | 23 Feb 2022 | 00:23:38 | |
Season 4, Episode 3: | |||
| Oversupply in the Oil Market with Citi's Ed Morse | 10 Feb 2022 | 00:27:59 | |
In this week’s episode Greg is joined by Citi Group's Ed Morse. | |||
| The Officials: The Cobras are Biting | S1 E4 | 08 Aug 2024 | 00:12:12 | |
It's been a very serious week. Japan had a major collapse on Monday, with Nikkei coming off by 12% overnight - which has been the worst day of index since 1987. The Nikkei moved into a loss position after significant gains this year. The outlook wasn't good for Japan, and this extended into Korea, who remained tight-lipped about their trading books and personal holdings. | |||
| $90 Oil & Russia Sanctions with Jay Maroo | 03 Feb 2022 | 00:29:27 | |
S4 E1 | |||
| Future of Broking with Harry Campion | 01 Feb 2022 | 00:31:21 | |
Season 3 Episode 9 | |||
| Brent in 2022 & Key Oil Swaps Contracts with Sarah-Jane Flaws | 31 Jan 2022 | 00:34:42 | |
Season 3 Episode 8 | |||
| Adapt or Die with Manny Sandhu | 30 Jan 2022 | 00:31:14 | |
Season 3 Episode 7 | |||
| 2021 in Review with Sarah-Jane Flaws | 29 Jan 2022 | 00:36:34 | |
Season 3, Episode 6 | |||
| Russia-Euro tensions, Crypto and Crude Oversupply with Darina El Zein | 28 Jan 2022 | 00:27:28 | |
Season 3, Episode 5 | |||
| Omicron, Brent sell-off and slipped disks with Julian Keites | 27 Jan 2022 | 00:27:42 | |
Season 3, Episode 4 | |||
| Sour Crude, SPR Releases and Year-end Bonuses with Sarah-Jane Flaws | 26 Jan 2022 | 00:26:17 | |
Season 3, Episode 3 | |||
| Shale Oil, COP26 & Taking Accountability with Benny Williams | 25 Jan 2022 | 00:29:28 | |
Flux aims at delivering a new take on the Oil market by sharing views on topics such as digitisation, modern challenges & trading financial oil markets. | |||
| OPEC+, COP26 & Moral Conundrums with Benny Williams | 24 Jan 2022 | 00:22:44 | |
Season 3, Episode 1 | |||
| We're not Estimating, We're Measuring - with Onyx Group Head of Research Harry Tchilinguirian | 08 Aug 2024 | 00:55:44 | |
In this episode of the Onyx Leadership Series, Group Head of Research Harry Tchilinguirian discusses lessons from throughout his career, the evolution of oil analysis, Onyx's future, and more. | |||
| Season 2 Episode 4: The Evolution of Data & Technology in Oil Derivatives w/ Fabio Kuhn at Vortexa | 22 Mar 2021 | 00:51:54 | |
In this episode we explore the evolution of data analytics and technology in oil markets, which gained considerable traction in the last 5 years. | |||
| Season 2 Episode 3: Commodity exchanges, counterparty risk and the financialisaton of oil products post Dodd-Frank with Mike Wittner at ICE | 21 Nov 2020 | 00:41:30 | |
In this episode we explore commodity exchanges, counterparty risk and financialisaton of oil products post Dodd-Frank. We are joined by the Head of Oil Market Research for the Intercontinental Exchange, Michael Wittner, as we discuss the evolution of the oil derivatives market with the introduction of cleared trading and how this has reduced counterparty risk. Already this has led to much greater access to trading oil derivatives, however we also look at how this may open up even further with the ever growing interest from retail money into financial markets. | |||
| Season 2 Episode 2: The role of physical oil traders and their influence on derivatives with Felipe Elink Shuurman from Sparta Commodities | 13 Nov 2020 | 00:47:14 | |
In this episode we explore the role of physical oil traders and how they supply crude and products around the globe, as well as their influence on the derivatives market. | |||
| Season 2 Episode 1: Commodity Trade Finance and the Evolving Role of Investment Banks with Chris Newman from Audentia Global | 16 Oct 2020 | 01:03:41 | |
In our first episode we are joined by the Managing Partner of Audentia Capital, Chris Newman, to discuss Commodity Trade Finance and the Evolving Role of Investment Banks. Within this we explore the need for commodity trade financing in physical oil trading and how the previously dominant position of the banks has been eroded by the rise of cleared exchanges, increasing transparency and implementation of stricter regulations. | |||
| Season 1: The People of Onyx – Andreja Plahuta – Head of HR | 18 Feb 2020 | 00:33:00 | |
We continue our mini-series this week with Head of Commercial Rich Rawlinson introducing Andreja our Head of HR, who talks about her trajectory and her experience in HR at Onyx. | |||
| Season 1: 6 Things you may not have considered about oil hedging | 30 Jan 2020 | 00:35:52 | |
Onyx CEO Greg Newman and Head of Commercial Rich Rawlinson talk about Oil Hedging. Offering insight into why some companies are daunted by hedging, why hedging doesn’t have to be complicated, how to effectively mimic your physical exposure, choosing the right contract and why some companies that think they are hedging but are actually speculating. | |||
| Season 1: 6 Major Events that drove the oil price in 2019 | 02 Jan 2020 | 00:36:56 | |
As we start a new year, Onyx CEO Greg Newman, reviews 2019 and 6 of the major events which drove the oil price. In a year of multiple unplanned supply outages and fears over global growth due to the US China trade war, 2019 was not short of uncertainty and volatility. | |||
| Season 1: The People of Onyx – Harry Campion – Partner and Head of US Grades | 23 Dec 2019 | 00:19:21 | |
This week we introduce Harry Campion (Partner and Head of US Grades), who talks about his experience at Onyx Commodities and in this industry. | |||
| Season 1: Life as a Junior Trader at Onyx Commodities | 09 Dec 2019 | 00:38:46 | |
In this episode, Alex Clayton, Nathaniel Loo and Amarjit Bhati - Junior Traders at Onyx Capital Group; speak about their day to day experiences at Onyx. They cover different topics, in detail, from their own experience. If you ever wondered what the life of a Junior Trader is this podcast tell us the real truth. | |||
| Season 1: Speculative Bubbles in the Oil Swaps Market | 03 Dec 2019 | 00:26:06 | |
In this podcast, CEO of Onyx Capital Group Greg Newman discusses speculative bubbles and how the oil swaps market is particularly susceptible to them. He goes on to site examples that have occurred recently, whilst introduces the danger of the vast speculative open interest that currently exists ahead of the IMO 2020 regulation change. | |||
| The Officials: Just Sell it! | S1 E3 | 01 Aug 2024 | 00:17:46 | |
Join us for the third episode of The Officials, a new show from the team behind Onyx’s Benchmark Publication and helmed by Jorge Montepeque the architect of benchmarks and services that shape our world today, with guest speakers Harry Tchilinguirian, Vincent Wu and Will Cunliffe.
The link to our latest publication of The Officials, can be found here: https://www.onyxhub.co/news/all/the-officials-geopolitics-vs-economics/
Last week, we were caught in a very bearish week in the market, and the Officials predicted we would most likely hit $75/bbl and $78/bbl…. And we did, within days.
The reason we were mostly bearish last week was down to global macros, which waded down the market heavily, hitting serious lows of $78/bbl after an attack on the Hamas leader, Ismail Haniyeh in Tehran.
What the Officials are observing is the market is reacting quickly and strongly to Macro economic data. Jorge Harry, Will and Vincent analyse why. | |||
| Season 1: IMO 2020- Are we in the midst of a Speculative Bubble? | 03 Dec 2019 | 00:32:08 | |
In this episode, CEO of Onyx Capital Group Greg Newman is joined by two traders from Onyx Commodities who have come through the Onyx Trader Development Program, Benedict Williams and Ahria Roushanbakhti. The team discuss together the emergence of severe dislocations in compliant and non-compliant fuel prices ahead of the shift in regulations for bunker fuel ahead of the IMO 2020 regulations, questioning the logic of the price action and the influence of derivatives on the physical market.They go into detail on the current choices for bunker end users from an economic perspective, the price the market is valuing depressurization and introduce the concept of purchasing power that is still in the hands of the end users. | |||
| Season 1: The People of Onyx – Luke McDermott – Partner and Head of NGL’s | 20 Nov 2019 | 00:32:35 | |
In this episode, Greg Newman (CEO of Onyx Capital Group) and Luke McDermott (Partner and Head of LPG desk at Onyx Commodities) speak about Luke's history and trajectory getting to where he is today; 40% of the Global Oil swaps market. Luke tells us what it takes to fully understand markets, how hard he worked to get where he is, how the barrel prices and Oil derivatives in general. | |||
| Season 1: Hedging Solutions - Choosing the Right Contract | 22 Oct 2019 | 00:22:21 | |
In this episode we look at the next step in hedging oil price exposure choosing the right contract. We introduce the concept of basis risk and liquidity or entering and exiting contracts with efficiency. We then move on to the need to work through time, product location, specification and finally execution to build the ultimate hedging solution. | |||