PVM Midday Report 13 June 2016
Headlines
OPEC hints at tighter oil balance in 2H 2016; output down 100,000 bpd in May
Chinese implied oil demand falls by 380,000 bpd in May y/y to 10.24 mbpd
Iran’s biggest oil…
May 30th, 2014
Headlines
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
European…
May 30th, 2014
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
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
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
Headlines
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…