

Greg Newman
Founder and CEO of Onyx Capital Group and a leading oil derivatives market-maker, with deep experience trading crude and refined products and building liquidity, data and trading infrastructure across global oil markets.
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35 snips
Mar 19, 2026 • 1h 10min
How the World’s Largest Oil Derivatives Trading Firm Is Navigating the Iran War
Greg Newman, founder and CEO of Onyx Capital Group and a leading oil derivatives market-maker, shares how liquidity providers navigated a market breakdown. He discusses why outright prices mislead, the shift to manual pricing and time spreads, reading physical players like refiners and airlines, and using options flow and off-hours order flow as superior signals.


