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…
March 31st, 2015
There has been no change in the technical picture since Friday. ICE is still bullish and NYMEX is still bearish. The former hit its upside target on Friday whilst the…
March 31st, 2015
A fresh bout of merger activity and increasing bets that China will do more to bolster growth countered uncertainty over the outcome of Iranian nuclear talks and Greek debt jitters…
March 31st, 2015
The contracts continue to struggle and although not breaking down yet – nor up for that matter – they look like testing supports again. The picture is turning gently more…
March 30th, 2015
Headlines
Sources claim major sticking points remain in Iranian nuclear talks, unsure of a deal
Libyan oil output at 564,000 bpd and expected to rise in the next few days
Crude flows along…
March 30th, 2015
The love that has been lost between the stock and oil markets for quite some time now was again missing last week as share prices lost value while crude oil…