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…
July 29th, 2015
Headlines
Crude flows along Iraq’s Kirkuk-Ceyhan pipeline suspended after sabotage incident
Greek PM Tsipras warns risk of Grexit remains unless its creditors agree to debt relief
US mortgage applications index inches 0.8% higher…
July 29th, 2015
Imagine the reaction if the British or US governments were to announce that they would enter the market and buy shares in the event of a major fall in the…
July 29th, 2015
All the daily short-term M/As are still above the price action. All the daily slow stochastics are still negative. The downtrend, therefore, is still intact despite WTI, Heating Oil and…
July 28th, 2015
Headlines
Chinese crude oil output expected to rise to 217 million tonnes in 2015
Refined oil production in China on target to reach 294 million tonnes in 2015; up 3.1% y/y
Iranian deputy…
July 28th, 2015
Manic Monday is an apt description of yesterday’s trading, led by another Chinese stock market meltdown. Having fallen by 30% earlier this month and then rebounding 16% solely on the…