Category archives: Fuel Oil

Russia ‘s Oil Export Duty To Decline In September 16/08/22

Russia’s oil export duty to fall to $52 per tonne in September   Russia’s oil export duty is set to decline to $52 per tonne in September from $53 per tonne in August, the finance ministry said on Monday, tracking global oil prices.   Retrieved from: https://www.reuters.com/business/energy/russias-oil-export-duty-fall-52t-sept-finance-ministry-2022-08-15/  

A Room with a Technical View 15/08/22

Capesize September Futures – Technically bearish last week but moving higher on a positive divergence. The futures failed to trade above the USD 25,655 resistance resulting in price trading to a low of USD 13,750. The positive divergence on the daily technical has now failed, warning the USD 11,625 support could be tested. Upside moves …

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Saudi Aramco Ready To Boost Crude Output 15/08/22

Oil prices ease as Aramco says ready to boost crude output   Oil prices dropped for a second session on Monday after the head of the world’s top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore U.S. Gulf of Mexico platforms is resuming after a brief outage …

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