Technical & Fundamental Oil Reports Specialists

Follow us

PVM Midday Report 07 July 2014

Published Monday, July 7th, 2014

Headlines

  1. German industrial production slips 1.8% between April and May
  2. Libyan oil output at 326,000bpd, El Sharara oilfield still blocked
  3. Eurozone investor sentiment unexpectedly leaps in July
  4. ICE Brent speculators cut net length by 6,414 lots in week to July 1
  5. North Sea Brent oil loadings set to rise to 135,000bpd in August

Fundamentals

Economy: European stocks are slipping following their biggest weekly rally since March as investors assess equity valuations and digest weak economic data from Germany – the Eurofirst 300 is losing 0.3%. Risk appetite is waning after figures revealed that German industrial output unexpectedly declined 1.8% between April and May in what is the biggest drop for more than two years. News that investor sentiment leapt in July across the Eurozone as a result of increasing ECB monetary support is doing little to support the mood. Despite the mildly cautious environment, highly rated sovereign debt yields are steady whilst gold is down 0.6% at $1,313/oz.

to read the rest of the report, please click here 

Posted by Stephen Brennock

Stephen Brennock joined PVM in 2013 after having worked as a project manager for a business development firm. He graduated with a degree in Business Management in 2007.

Related articles

Archive

News

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…

$50 bbl proving to be a formidable obstacle

Front month Brent and WTI both broke through the $50 bbl barrier yesterday but were unable to hold on to the gains. The trigger for the gains was news of…

Watch RBOB’s 13 day around 145.42 for guidance. Being below the 5 and 8s on the rest is not good.

Introduction. Last night’s closes were respectable, except for the fact that RBOB, although having held its 13 day MA on the dip, was still below the 5 and 8 day…

Subscribe to News

Reports

PVM Midday Report 15 July 2016

Chinese refinery crude throughputs hit record high on daily basis of 10.97 mbpd in June
BoAML sees Brent and WTI rising to $55 and $54/bbl respectively by year-end
Chinese 2Q GDP annual…

PVM Midday Report 14 July 2016

Headlines

BoE keeps interest rates on hold at historic low of 0.5%, hints at stimulus in August
Singapore fuel oil stocks hit three-week high of 27.545 million bbls
BoJ officials quash hopes of…

PVM Midday Report 13 July 2016

Headlines

IEA expects return to growth in non-OPEC oil supply next year; demand to rise by 1.3 mbpd
OPEC crude oil output rises by 400,000 bpd in June to 8-year high of…

Popular Tags

©2019 PVM Oil

Web development

The information in this communication is provided for informational and demonstrational purposes only and neither is it intended as an offer or solicitation with respect to the purchase or sale of any derivative or security nor should it serve as the basis for any investment decisions. In the UK, this material is intended for use only by persons who have professional experience in matters relating to investments falling within Articles 19(5) and 49(2)(a) to (d) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended), or to persons to whom it can be otherwise lawfully distributed.

Any reference to 'PVM' refers to PVM Oil Associates Ltd. and/or its subsidiaries and affiliated companies as applicable.

Neither PVM, nor any of its subsidiaries (collectively, "contributors") guarantees the accuracy or completeness of the information or any analysis based thereon. Neither PVM nor contributors make any warranties, express or implied, with respect to the information (including without limitation any warranties of merchantability or fitness for particular purposes) and neither PVM, nor Contributors shall in any circumstances be liable for economic loss or any indirect, or consequential loss or damages including without limitation, loss of business or profits arising from the use of, any inability to use, or any inaccuracy in the information.

PVM provides a wholesale broking service only. It does not provide services to private clients. PVM Oil Associates Ltd. and PVM Oil Futures Ltd. are authorised and regulated by the Financial Conduct Authority ("FCA").

This publication is produced and distributed in accordance with 'COB 12.2 – Investment Research' of the FCA Handbook. Recipients should note that all such publications are objective and impartial in their content unless clearly notified otherwise. Content should not be used as a contribution to any price index of any kind.