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PVM Midday Report 20 June 2014

Published Friday, June 20th, 2014

1.)   First Kurdish oil cargo is set to unload in Israel

2.)   Gas flow from Ukraine to Europe is reported to be stable

3.)   Ukraine has its borders with Russia under their control – Defence Minister

4.)   Greek April current account deficit widened to €1.167 billion.



Global stock markets are retreating slightly after hitting a life-time high yesterday. Gold produced its biggest daily rally yesterday for nine months as the Iraqi war is increasing demand for this precious metal. The ECB is expected to publish its list of those banks that will fall under the ECB’s supervision on September 4. NATO sees more Russian troops being deployed near the Ukrainian border, something which has been dismissed by Russia.

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Posted by Tamas Varga

Tamas Varga has been in the oil industry since 1992 and with PVM for 18 years. During his time in the industry he has gathered a range of experience in the oil markets. At PVM Tamas is in charge of data collection and analysis.