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 …

A Room with a Technical View 15/08/22

Capesize September Futures – We remain in a bearish trending environment, with the futures below all key moving averages supported by the RSI below 50. The futures have traded below the USD 10,950 low, creating a positive divergence on the intraday RSI, not a buy signal. It does warn that we have the potential to …