Business
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.