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Archive for May, 2014

May 30th, 2014

PVM Midday Report 30 May 2014


German retail sales unexpectedly suffer m/m fall of 0.9% in April
Yemen restarts crude oil flows along its main export pipeline after completing repairs
Italian consumer prices decline 0.1% in May

May 30th, 2014

OPEC is too relaxed

The worse the reported US GDP growth rate in 1Q the higher goes the stock market. Investors it seems love hearing historical bad news. The Department of Commerce has revised…

May 30th, 2014

ICE is negative – Possible dip on NYMEX which is a buy

June ICE: On the day of its expiry the June contract fell to and closed below its next downside objective. This is the monthly high in January 2010 and is…

May 30th, 2014

Up-trend still intact whilst crudes are above the 13s; Watch RBOB – it’s frisky

The contracts still lack harmony and this is causing erratic conditions. RBOB is a lead contract and is above all the short term (s/t) MAs, whilst the crudes are below…

May 29th, 2014

PVM Midday Report 29 May 2014


Libyan crude output at 155,000bpd, exports from Zueitina halted
Spanish 1Q GDP expands 0.4% from previous quarter
Crude flows along Iraqi Kurdistan pipeline via Turkey at 100,000-120,000bpd
Pro-Russian rebels shoot down Ukrainian military…