World of Oil Derivatives
127 episodes - English - Latest episode: 3 days ago - ★★★★★ - 1 ratingThe only oil swaps market specific podcast is back. Join Onyx Capital Group CEO, Greg Newman, and a plethora of industry guests as they dig down each week into the issues that affect the market. Are you paying attention?
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Episodes
De-risking in Preparation for Escalation | S6 E19
April 23, 2024 16:00 - 43 minutes - 30.2 MBLooking at the past week, the oil market was too long and had to de-risk. Brent Futures saw a week of stagnation and mean reversion, $90/bbl oil was very short lived and sell-off was driven by speculative positioning cycles as market participants took off length amid a waning geopolitical premium. Looking to the refinery margin change, Dated Brent was weaker than last week and is now seeing a little bit of support, whilst gasoil continued to weaken. Martha notes the difference between the...
Macro Mondays with James Brodie
April 23, 2024 07:00 - 23 minutes - 16.2 MBOnyx Capital Group is proud to launch a brand new show; Macro Monday's with James Brodie - Trends, Risk & Analysis. On today's show James discusses recent strong economic data out of the US, OIS pricing and the US dollar strength. He also dives into what's happening with gold, silver and equity markets. It seems like tech stocks are crashing at the moment, with Nvidia -21.8 from ATH and Tesla down 49.4% from its all-time high. James walks us through recent US unemployment data and lets...
A Debrief on Israel and Iran | S6 E18
April 16, 2024 15:00 - 32 minutes - 22.6 MBOff the back of another tense week with the recent attacks by Iran on Israel, Greg, Jorge, James and Martha discuss the impact (or, lack thereof) the event had on oil prices. As a bonus for this episode, Jorge and Martha will provide a trade idea each! There was a muted response for Brent futures, with prices oscillating around $90/bbl, opening on Monday at $90/bbl and closing at $90.50/bbl. Looking at the CFTC report, the market is quite long - especially by managed by money players. The...
Risks to risk parity | S6 E17
April 11, 2024 16:00 - 42 minutes - 29.5 MBPrices were around $89/bbl last week, but since then there's been a noticeable uptick - not quite reaching $92/bbl and oscillating around $90/bbl since. Refinery margins have weakened, with refined products struggling - with the exception of gasoline. Gasoil is extremely weak, with poor distillate performance in all regions. EBOB has seen greater strength with the market keen to buy into last week's weakness. Looking to our macro news segment, James unpacks the latest headlines shaking up ...
Finally, the Economy! | S6 E16
April 02, 2024 16:00 - 34 minutes - 24 MBBrent Futures have made a notable climb since last week, hitting $89/bbl on Tuesday morning. It's crucial to analyse the impact of recent developments on oil demand. Notably, both China and the USA have seen expansions in manufacturing activity, marking significant milestones. What has been the impact of headlines regarding tighter supply and the possible contagion of geopolitical turmoil in the Middle East? Examining the refinery margin, we observed a supportive trend in the Dated market. ...
A Topsy-Turvy Market | S6 E15
March 26, 2024 17:00 - 36 minutes - 25.6 MBBrent futures surged to $87.70 last week, only to encounter resistance and profit-taking flows, settling this week at a sturdy $85-86/bbl range. Macroeconomic factors and persistent supply concerns are pivotal in sustaining these levels. Refinery margins face widespread pressure across regions, while the gasoil market sentiment remains subdued amidst spring demand and increased freight, notably from the Middle East to Europe and Asia. Yet, amidst these challenges, there's a glimmer of hope ...
Trading…. A Young Person's Game with Jasper Bird | S6 E 14
March 21, 2024 17:00 - 35 minutes - 24.7 MBIn another episode of our Onyx Leadership series, Group CEO Greg Newman is joined by Co-Head of Light Ends, Jasper Bird. Jasper and Greg shed light on the realities of being a Trader, how egos can play a part in trading, and uncover the inner workings of a trader's mentality. They delve into the highs and lows of trading and the challenges of maintaining social and entertainment balance as you age in the industry. With over 6 years of experience at Onyx Capital Group, Jasper opens up abou...
Bullish Oil Futures, Bullish Refinery Margins | S6 E13
March 20, 2024 17:00 - 39 minutes - 27.7 MBWith Group CEO Greg Newman abroad, Light Ends Direct Trader James Todd steps up to host World of Oil Derivatives for another market update episode. Since last week, Brent Futures price rallied from sub $83/bbl this week to over $87.50/bbl yesterday. The breakout from its previous range came on the back of a flurry of bullish headlines - including drone attacks on Russian oil infrastructure, draws in both crude and gasoline inventories in the US, and positive Chinese economic data. Lookin...
Buy East, Sell West | S6 E12
March 13, 2024 17:00 - 30 minutes - 21.1 MBCrude flat price has been remarkably neutral in the past week, sitting around $82/bbl (slightly down from $83/bbl). However, the market has found a genuine equilibrium - a price level where everyone seems happy. Looking to the refinery margin, Naphtha showed significant strength with the MOPJ crack for April exceeding -$5/bbl, while Mar/Apr in the NWE region remained robust at $20/mt. Gasnaphs saw a rise from $185 to $195/mt for April, which drew bids at the relatively cheaper levels. EBOB ...
Highway to the Danger Zone | S6 E11
March 05, 2024 17:00 - 35 minutes - 24.8 MBOil markets are all of a sudden kicking into gear, and it seems we are now on that highway to the danger zone. With every market indicator of the underlying physical market strong, and forward derivative prices indicating that this will last for some time, the only thing left to truly perform is the outright price. Will this carry through? And will the danger zone of inflation, demand destruction and overextension grip oil markets once again? It’s been a bullish week in the crude market, ...
IE Week in Focus | S6 E10
February 27, 2024 17:00 - 26 minutes - 18.4 MBIt's been another rangebound, albeit less bullish week in Brent futures. Crude prices came off from around $84/bbl. down to the low 80s, where it found some support on Monday. As for the refinery margin change, Dated Brent is significantly weaker. There were some significant moves in gasoline and gasoil. The latter saw a real weakness in prices amid poor European demand. Martha also looked into American refinery margins, which is also weak across the whole gasoil complex and heating oil esp...
Jorge Montepeque The Man Who Creates The Oil Price | S6 E09
February 23, 2024 06:00 - 50 minutes - 34.9 MBIn a special episode of our Onyx Leadership podcast series, Group CEO Greg Newman sits down with Jorge Montepeque, the new Managing Director - Benchmarking. Jorge, an industry legend, pioneered oil pricing by introducing benchmarks, revolutionising communication across different sites worldwide. When Greg first started trading, most traders relied on Yahoo Messenger for precise time stamps. Then came Jorge, reinventing communication, making it faster and introducing a platform enabling trad...
Pressure on the End User | S6 E08
February 20, 2024 18:00 - 23 minutes - 16.5 MBIt's been a bullish week for crude flat price this week and has been supported above $80 levels, reaching a peak of $85.50, which is seemingly finding resistance at current levels. However, overall market sentiment has been quite bullish from both hedge funds and speculators alike. As for refinery margins; there's been a week-on-week decline of nearly $3/bbl in the prompt. Currently on a downtrend but where will it find support? Looking at oil from a macro perspective, China has cut the...
Testing Market Capacity | S6 E07
February 13, 2024 16:00 - 32 minutes - 22.7 MBLast week, Brent crude flat price rallied, pushing up over $80/bbl and staying there since then. The rejected ceasefire deal on Feb 06 supported this bullish momentum. We've seen strength across refinery margins - particularly in Europe - with a notable rally in product prices, including strong bidding in the physical market. Greg, Martha, and James discuss ongoing geopolitical conflict, refinery outages, and potential oversaturation due to early positioning in Q3 and the need to balance re...
Refinery Profitability | S6 E06
February 06, 2024 18:00 - 49 minutes - 34.5 MBBrent futures softened from over $80 last week, to stabalise around $78/bbl on Feb 6. Geopolitically, tensions persist in the Middle East with ongoing conflicts and ceasefire talks proving elusive. Despite positive economic indicators, market enthusiasm appears lacking, reflected in WTI spreads in contango and a rangebound regime across the crude complex. As for the refinery margin change; the weakness in crude oil is impacting refined products. The Dated Brent market, with a lack of intere...
Lead and Lag: Predicting the Futures | S6 E05
January 30, 2024 17:00 - 30 minutes - 21.5 MBBrent futures spent most of the week with prices typically above $80 per barrel, recording a second week of gains. Geopolitical risk premiums strengthened, and positive economic news from the US, along with promising developments in China, contributed to the positive sentiment. As for refinery margins, it's been a positive week, with products driving the rally and support seen from every product down the barrel. Greg reflects on the paradox of the Dated Brent market, pivotal in global crud...
Searching for Macro Themes | S6 E04
January 23, 2024 18:00 - 40 minutes - 28.2 MBBrent futures saw sub $77/bbl levels on 17 Jan after poor economic data from China saw the GDP rise by 5.2% in Q4 compared to the forecast of 5.3%. CFTC data for the week to Jan 16, (in Brent futures) saw a continuation of a more bullish sentiment, with bullish speculators adding almost 15mbbls (+5%) of length, whilst their bearish counterparts decreased their short positioning by 1.5mbbls (-2%). In WTI, a more bearish stance was seen. Bulls removed over 5mbbls (-2.5%) of long positions, whi...
Onyx Leadership: Jonah Van Bourg S6 | E03
January 19, 2024 08:00 - 52 minutes - 36 MBOnyx Director Jonah Van Bourg discusses his extremely eventful career thus far with CEO Greg Newman. From how his experience working at Goldman Sachs and Vitol, to working on the floor on Lehman Brother's floor, in the midst of the biggest bankruptcy in American history. Jonah discusses his experience in crypto trading and sheds light on how crypto and oil are incredibly similar commodities in a lot of ways, drawing parallels to their shaky beginnings, where people had discovered it, but d...
Stopping Out Determining the Price | S6 E02
January 16, 2024 18:00 - 44 minutes - 31 MBSupply and demand modelling is no longer enough to accurately determine market value. The recent market has been a perfect illustration of this in key differentials in the oil market, which have been driven by stop outs, pushing market prices against the fundamental consensus. Example discussed are the North Sea differential rally in prompt DFLs, Brent Dubai's move against market consensus and propane volatility in US contracts. Onyx Capital Group CEO joins Research Associates Martha Dowdi...
Oil is Back in Fashion | S6 E01
January 09, 2024 18:00 - 36 minutes - 25.3 MBWorld of Oil Derivatives is back for 2024! With a new year, traders, market analysts and market observers are looking for a consensus. Research houses are making their claims, and banks their forecasts, and it will still be 1-2 months before we hear from trade houses and majors about their outlook for the year. So could the global economy surprise us to the upside this year? Could we get lower interest rates that brings on a risk on move in macro markets? Or, as always, could there be a g...
The Future of the Panama Canal with Luke Mcdemott
December 22, 2023 16:00 - 49 minutes - 34.3 MBIn another episode of our Onyx Leadership series, Onyx Capital Group CEO is joined by Onyx Partner and Head of Desk for NGL, Luke Mcdermott. Luke discusses his years of experience in the industry and the minutia of NGL’s. Most importantly Luke discusses the current situation of the Panama Canal and what that means for Traders and the economy.
The Future of the Panama Canal with Luke Mcdemott S5 | E43
December 22, 2023 16:00 - 49 minutes - 34.3 MBIn another episode of our Onyx Leadership series, Onyx Capital Group CEO is joined by Onyx Partner and Head of Desk for NGL, Luke Mcdermott. Luke discusses his years of experience in the industry and the minutia of NGL’s. Most importantly Luke discusses the current situation of the Panama Canal and what that means for Traders and the economy. Chapters for this episode are: 0:00 Welcome 1:14 NGLs 2:53 Shipping 6:50 Saudi shipping & market share 13:11 Europe, Asia & US 14:53 Panama Canal ...
Geopolitical Risk Premium Encore S5 | E42
December 19, 2023 17:00 - 39 minutes - 27.4 MBThe resolution of the OPEC drama has brought contentment to market players as they embrace a stable oil price in the low 70s. Despite this relief, demand concerns persist as Brent spreads remain in contango until April/May'24, indicating a prevailing weak physical sentiment in the market. Complicating matters, a geopolitical risk premium hangs over the Red Sea, prompting commercial shipping companies to avoid the area. Instead, vessels are rerouted through the safer but longer passage aroun...
EBOB is Dead? S5 | Ep 41
December 12, 2023 17:00 - 32 minutes - 22.7 MBIn the latest developments in the global oil market, bearish sentiment has taken hold as OPEC cuts clash with the surge in non-OPEC production (notably from the United States and Guyana). The market is treading cautiously, adopting a risk-off stance as it awaits crucial macroeconomic headlines. Investors are on edge in anticipation of the CPI report on Tuesday and the Federal Reserve meeting scheduled for Wednesday. Brent crude has found stability, settling around the mid-70s, a level deeme...
Dated Brent Minutia with Kurt Chapman S5 | Ep 40
December 07, 2023 06:00 - 54 minutes - 37.5 MBIndustry Legend and Director of Levmet, Kurt Chapman, joins Onyx CEO Greg Newman to discuss the evolution of the Dated Brent market. Kurt discusses his plethora of experience in the physical and financial markets. He graduated from Harvard University with a BA in Economics and went on to serve as an Infantry Officer in the US Marine Corps. He explains how his time in the Marines prepared him for life as a Commodity Trader. His wide-spanning trading career started on Wall Street in the '80s...
OPEC’s Poker Face S5 | Ep 39
December 05, 2023 17:00 - 35 minutes - 24.8 MBOnyx Research Associate Martha Downing joins CEO Greg Newman with a market update and the pair discuss how the markets were affected pre and post OPEC meeting. Martha informs us how the refinery margin changed. Crude and the products are still weak and gasoil is weighing down the margins in both regions. The end of last month saw players holding their MOPJ, which is Asian naphtha into pricing, which is going to continue to bolster the spread. Martha recommends MOC in gasoline as her one to ...
Onyx Leadership | Chief Technology Officer Ishaan Hemnani
November 30, 2023 06:00 - 42 minutes - 29.2 MBIn this episode of our Onyx Leadership podcast series, Chief Technology Officer Ishaan Hemnani joins Onyx CEO Greg Newman to discuss the vital role of technology in the oil derivatives industry. Ishaan is an extremely unique and rare person within the industry, having experience as Fuel Trader, before pivoting into technology and creating Bunker X, which has become the playbook for many in the oil industry. Ishaan and Greg discuss how they came to work together and why Ishaan chose to mov...
Potential Energy in Oil Markets S5 | E37
November 28, 2023 17:00 - 22 minutes - 15.9 MBA volatile market influenced by OPEC headlines is still leaving oil markets sitting anxiously in “wait and see” mode. With the anticipation surrounding the upcoming OPEC meeting, Brent crude has been oscillating around $80. The market is expecting OPEC to deepen existing cuts, with fundamentals largely skewed to the downside. Refinery margins have been improving week on week due to crude weakness although we're seeing weakness down the barrel in the products. There was an improvement of ove...
Preparing for OPEC Meeting S5 | E36
November 22, 2023 17:00 - 32 minutes - 22.4 MBOil market participants are anxiously in “wait and see” mode ahead of the OPEC meeting and Greg shares his presentation summarizing market sentiment over recent months. Greg discusses the current state of oil markets, highlighting a recent sell-off in Brent crude below $90 per barrel at the beginning of Q4. The impact of the Israel-Hamas conflict and a subsequent overcorrection, led to prices briefly dropping below $80. RINs have been weak with news of a strong soybean harvest supporting b...
Onyx Leadership | Chief Revenue Officer Miles Hempsall
November 16, 2023 06:00 - 45 minutes - 31 MBIn this special episode of our Onyx Leadership podcast series, hosted by Onyx Capital Group's CEO Greg Newman, we sit down with Chief Revenue Officer Miles Hempsall to discuss Miles' journey within the world of oil derivatives. Miles shares his ethos on building commercial success, the challenges and opportunities of creating value in research and data businesses, and his vision for the future of Onyx in this open and candid discussion. To watch the Video Podcast, click here https://ww...
Hide the Oil S5| Ep 34
November 14, 2023 17:00 - 28 minutes - 19.7 MBOnyx Research Analyst Martha Dowding joins Onyx Capital Group CEO Greg Newman for a market update, a discussion on the growth of oil demand growth (noting an increase to 4 million barrels per day despite challenges), and Martha recommends her Trade Idea of the week is to long the Q1 regrade due to shifting weather forecasts in Asia. Greg expresses scepticism about forecasting demand and emphasizes the significance of the supply side, particularly the commitment to U.S. shale oil producti...
East Powering the Market | S5 E33
November 07, 2023 16:00 - 28 minutes - 19.8 MBThe team discusses the current Brent flat price (around $83/bbl), with prices down due to concerns about China's economic situation and traders now discounting geopolitical risk. Greg, Vincent, and Martha mention a decline in managed money positions in recent weeks, contributing to an overall bearish outlook in the oil market. Vincent predicts the bullish factor in the market for Q4. Greg expresses a lack of confidence in the direction of the crude oil market due to various factors, includin...
Middle East / Panama Canal: Trading The Right Contracts | S5 E32
November 01, 2023 15:00 - 36 minutes - 25.3 MBOnyx Researchers Martha and Vincent join CEO Greg to discuss the main stories of the week, including the impact of the Israil / Gaza conflict on the market - Crude oil remains below $90/bbl and has fallen to $85/bbl week-on-week as Israel’s ground operations in Gaza remained limited, easing concerns of escalation into the wider region. The impact of weather on gasoil is discussed: the weather hasn’t been cold enough to inspire bullish attitudes and the weather is pretty mild for this time o...
ONYX Leadership | Women in Leadership
October 26, 2023 05:00 - 36 minutes - 24.9 MBAs another episode of our Onyx Leadership series, today we’ll hear from some of the women on the Onyx Team in Leadership roles. This episode is hosted by Alexandra Carlon, Head of Media & Marketing. She interviews Manny Sandhu, Head of Crude, Maria Boixados, Head of Direct Trading and Polly Cooper, Senior Associate Commercial Manager about the realities of Leadership in a predominately male industry. They have an open discussion about everything from their leadership styles to the impo...
Just Acquire Oil | S5 E30
October 24, 2023 17:00 - 37 minutes - 26 MBOnyx Researchers Martha and Vincent join CEO Greg to discuss the main stories of the week, including the large oil and gas merges and acquisitions. ExxonMobil acquired Pioneer and this is pretty much doubling down in shale oil, which is only strengthening the U.S. economy and energy security. Greg discusses the significant impact of the derivative market on the oil and gas industry, highlighting the historical shift from independent-driven production with hedging to a more consolidated and ...
Fear and loathing in Oil Markets | S5 E29
October 17, 2023 16:00 - 34 minutes - 23.9 MBThe ongoing Israel-Hamas conflict, and the potential for further escalations has led the crude oil market to experience a significant price increase in Brent and WTI, posting a near 6% gain on Friday (the highest daily percentage gain since April). Greg, Vincent and Martha ask (and answer) the question: Is $100 Oil back on the menu? Make sure to view this episode on YouTube if you’d like to follow along with the on screen graphics.
Oil and the Geopolitical Risk Premium | S5 E28
October 10, 2023 17:00 - 29 minutes - 20.7 MBCEO and Onyx Founder Greg Neman joins Research Associate Vincent Wu to discuss the Geopolitical Risk Premium and how the attacks on Israel have caused a bullish reaction. But the question is, what will happen to prices based on Iran’s role in the tensions in the Middle East? Vincent gives an update for what happened in the market last week. There was more volatility, refinery margins coming off and bearish EIA stats showing weaker gasoline demand and inventory build, which triggered a very ...
The Risk-Reward Gamble | S5 E27
October 04, 2023 19:00 - 46 minutes - 32.3 MBWith the interest rate worries continuing, the strong US dollar and products weak it begs the question as to “how are we not rallying?” The Research team discusses the complete weakness in RBBR right now. Although it’s very weak in the futures, the end user isn't seeing the good effects of this. Greg dives into a deep discussion into over-thinking and risk-reward strategy. While Audrey and Vincent bring some great trade ideas to the table. If you would like to watch on Youtube, you can fo...
Trading: next week’s potential liquidity drought | S5 E26
September 26, 2023 16:00 - 29 minutes - 20.9 MBWill an oil price rally mean higher airfares? As people are looking to purchase flights home for Christmas, we of course notice that prices are drastically higher. Although this is a classic case of dynamic pricing, we also need to consider the role Brent plays in all of this, as there’s a clear sensitivity around $100 per barrel and $120 on the products. Join the Onyx team for a market update, covering high flat prices, demand destruction and how this will affect airlines. Greg, Audrey, V...
ONYX Leadership | John Beckwith: Chief People Officer
September 19, 2023 05:00 - 1 hour - 42.8 MBHiring the right people is key to any business's success. In this special episode, Greg is joined by John Beckwith, the Chief People Officer of Onyx Capital Group, to discuss the importance of proper recruitment, building strong business foundations, and what makes a great leader. John and Greg explain the harsh realities that CEOs are met with, what qualities exceptional managers possess, and how climbing the corporate ladder can impact professional and personal relationships with colleagu...
APPEC, LNG Strikes & Psychological Levels |S5 E24
September 12, 2023 16:00 - 30 minutes - 21 MBThe Onyx Research team: Audrey, Martha and Vincent join CEO Greg Newman for a market update. Vincent discusses his first attendance to APPEC and the headlines that have since come out about trade houses and majors signalling bullish again after a lull this year. Which leaves us asking the question; what does Q4 hold? The LNG plant strikes in Australia saw workers at Chevron (which accounts for 5% of global supply) walk off the job on Friday after talks broke down. Martha poses an interesti...
Shifting Fundamentals | Crude Market Update | S5 E23
September 05, 2023 15:00 - 34 minutes - 23.8 MBThis week Greg is joined by Audrey as they discuss Onyx's futures report, building momentum in the crude market, and how the media narrative could play in to this anticipated rally. Greg Newman https://www.linkedin.com/in/oilderivatives/ Audrey Byrne https://www.linkedin.com/in/audrey-byrne-a32009183/
From Journalist to Champion Boxer | Amy Andrew & Greg Newman
August 31, 2023 16:00 - 42 minutes - 29.6 MBIn this special episode, Greg speaks to English and New Zealand national boxing champion, Amy Andrew, about her life and career. Find Amy on instagram here https://www.instagram.com/amyandrewboxing/ Greg Newman https://www.linkedin.com/in/oilderivatives/
The LNG Price Surge | S5 E21
August 22, 2023 16:00 - 47 minutes - 32.9 MBGreg and the research team discuss the past week in LNG, share two trade ideas and provide some insight into Japan's energy markets. Greg Newman https://www.linkedin.com/in/oilderivatives/ Ehsan Massah https://www.linkedin.com/in/oilanalyst/ Vincent Wu https://www.linkedin.com/in/vincent-wu/ Audrey Byrne https://www.linkedin.com/in/audrey-byrne-a32009183/
Naphtha Is Back | S5 E20
August 15, 2023 15:00 - 32 minutes - 22.8 MBDirector of Brokerage, Harry, and podcast regular Ehsan join Greg this week. They discuss strength in Naphtha, how oil swaps contracts are interconnected and the media narrative around the latest oil rally. Watch on YouTube here to follow along with referenced visuals. https://youtu.be/7SYkggRDSys Greg Newman https://www.linkedin.com/in/oilderivatives/ Ehsan Massah https://www.linkedin.com/in/oilanalyst/ Harry Campion https://www.linkedin.com/in/harrycampionuk/
Oil ETFs and Their Impact on the Market | S5 E19
August 08, 2023 16:00 - 31 minutes - 21.9 MBJoining Greg once again are Ehsan, Audrey and Vincent. The team review the Q2 financial reports for the big 6. And - a technical breakdown of how ETF flows interact with the oil market. Watch on YouTube here to follow along with visuals. Greg Newman https://www.linkedin.com/in/oilderivatives/ Ehsan Massah https://www.linkedin.com/in/oilanalyst/ Vincent Wu https://www.linkedin.com/in/vincent-wu/ Audrey Byrne https://www.linkedin.com/in/audrey-byrne-a32009183/
Decoding the Gasoline Rally | S5 E18
August 01, 2023 16:00 - 40 minutes - 28.3 MBThis week Greg is joined by Ehsan, Vincent & Audrey. What are the market mechanisms behind the recent rally in gasoline? And - what impact will the issuing of 100 new North Sea contracts have on production? Watch on YouTube here to follow along with referenced visuals. https://youtu.be/qA-1HOGjQ_Q Greg Newman https://www.linkedin.com/in/oilderivatives/ Ehsan Massah https://www.linkedin.com/in/oilanalyst/ Vincent Wu https://www.linkedin.com/in/vincent-wu/ Audrey Byrne https://www.linke...
The Evolution of Broking | Consultancy With an Edge | S5E17
July 26, 2023 15:00 - 41 minutes - 28.4 MBJoining Greg this week are Mackenzie and Alec, senior brokers at Onyx Capital Group, as they share insights into their unique roles. Discover how the brokerage model is adapting to meet the needs of a new generation of traders and explore the value of information and expertise in a rapidly changing market. A must listen if you're curious about the inner workings of the oil market and the crucial role brokers play. Greg Newman https://www.linkedin.com/in/oilderivatives/ Mackenzie Day htt...
A Recipe of Contrasts | Saudi Oil Cuts and the Sweet-Sour Balance | S5E16
July 18, 2023 14:00 - 37 minutes - 25.6 MBGreg is joined by Martha, Vincent & Audrey for this episode. What does the future look like for OPEC+? And - what will the impact of China's diversification strategy mean for global oil trade? Greg Newman https://www.linkedin.com/in/oilderivatives/ Martha Dowding https://www.linkedin.com/in/martha-dowding-ab84801a6/ Vincent Wu https://www.linkedin.com/in/vincent-wu/ Audrey Byrne https://www.linkedin.com/in/audrey-byrne-a32009183/
Onyx Co-founders: How We Made an Elite Trading Business | S5 E15
July 11, 2023 16:00 - 35 minutes - 24.9 MBOnyx was co-founded in 2016 by Omar Kayaam and Greg Newman. After their success building and trading their own market-making desks at Mandara Capital, they left to start their own company with a view to capitalise on the rapidly evolving oil derivatives market. Seven years later - Onyx is the largest liquidity provider in oil derivatives, trading over 25 billion paper barrels a year and maintaining an average of 20% market share within oil swaps. So - how did they do it? Greg Newman https...