By Srinivas Chowdary Sunkara // petrobazaar // 3rd August, 2017.
Fuel oil price trends
Fuel oil prices continued strengthening around the major ports. In the era of production cuts, Fuel oil production causing a heavy crude production from the areas like Angola and Nigeria. Brent was flat with a little change as the smaller than expected inventory draw could not push up prices. OPEC club supply July supply numbers causing a concern over another dreaded glut of oil. OPEC monthly report is due on 10th and IEA monthly report is due on 11th.