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…
May 29th, 2015
Headlines
Iranian crude exports to Asia jump 12% in April to almost 1.2 mbpd
Russian oil output may slip 0.3% this year from 2014 to 526.5 million tonnes
ULSD exports from Russia’s Primorsk…
May 29th, 2015
After a pretty violent day the contracts have held support and recovered a bit. By the closes last night they were still below all the short term MAs and the…
May 29th, 2015
Conflicting reports over Greece’s debt talks made for an uneasy session on global stock indices yesterday with losses registered across the board as hopes for a comprehensive solution still appeared…
May 28th, 2015
Headlines
Russia’s largest oil producer hints Venezuelan oil may replace declining US shale output
Iran’s foreign minister hopeful of nuclear agreement within “reasonable amount of time”
Oman to invest $7 billion in Indonesia’s…
May 28th, 2015
There are 3 key events taking place in June of huge importance for the future direction of oil prices. In the first week of June we will know if OPEC…