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Archive for February, 2015

February 27th, 2015

PVM Midday Report 27 February 2015


Reuters poll sees OPEC February crude output down 350,000 bpd to 29.92 mbpd
Reuters poll raises 2015 Brent and WTI price forecasts to $59/bbl and $54.50/bbl
Oman April crude OSP set to…

February 27th, 2015

Inflation makes an appearance

Janet Yellen drew attention to the importance of the rate of inflation in determining the timing of the first interest rate rise in her testimony to Congress earlier this week….

February 27th, 2015

ICE is still positive but NYMEX has turned bearish

April ICE: The early morning enthusiasm evaporated late in the day and the contract closed well off the high of 52.00. This means that it did not settled over the…

February 27th, 2015

Range-bound and uncertain market with some upside potential

Tuesday’s closes were nearly bearish and the market rallied. A day later bulls had their hopes up high based on the settlements but this optimism proved to be unjustified as…

February 26th, 2015

PVM Midday Report 26 February 2015


Angolan crude production slip 2.6% y/y in 2014 to 1.67 mbpd
Venezuela’s El Palito refinery offline since Monday
German unemployment falls 20,000 in Feb; consumer morale climbs to 13-year high
Ukraine military set…