Category archives: Fuel Oil

A Room with a Technical View 05/09/22

Capesize October Futures – The futures roll has resulted in the technical producing an upside gap due to the carry against the September futures. We have seen a couple of bullish days following the roll, resulting in price trading into the Fibonacci resistance zone; however, the upside move has failed to trade above the USD …

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OPEC+ Tightens Oil Market Outlook For 2022 01/09/22

OPEC+ sees tighter market in 2022, risks to oil demand growth   The oil market will have a small surplus of just 0.4 million bpd in 2022, much less than forecast earlier, according to OPEC+, due to underproduction of its members, OPEC+ sources said.   The report comes days ahead of an OPEC+ policy meeting …

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