Technical & Fundamental Oil Reports Specialists

Follow us

PVM Midday Report 18 February 2015

Published Wednesday, February 18th, 2015


  1. Tanker loads first crude cargo at Libyan port of Hariga in more than a week
  2. German residential heating oil stocks down 2% in second straight monthly fall
  3. Greece to demand extension of current bailout according to reports
  4. UK jobless rate falls to 5.7% in December; weekly wage growth climbs 1.7%
  5. Ukrainian government forces attempt to withdraw from town of Debaltseve


Fundamentals: A tanker has successfully loaded 600,000 bbls of crude at Libya’s Hariga for the first time in more than a week but flows from the Sarir oilfield to the port remain disrupted as repairs continue following a pipeline attack last Saturday. German stocks of residential heating oil stood at 62% of tank capacity at the start of this month and represent a 2% fall from the previous month in what was the second straight monthly fall. Meanwhile, Russia’s Deputy Prime Minister has acknowledged that oil prices are unlikely to top more than $100 anytime soon but sees prices at around $80-$85 bbl as reasonable.

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.