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…
September 30th, 2015
Headlines
Asian imports of Iranian crude oil jump 10% y/y in August to 1 mbpd
Reuters poll reduces 2016 Brent & WTI price forecasts to $58.60 & $54.10 bbl
Eurozone slips back into…
September 30th, 2015
You do not have to dig very deep to find reasons to be concerned about the health of the global economy. Just ask the IMF and they will hand over…
September 30th, 2015
The new front-month contract, the November one on ICE failed to make a fresh all-time low yesterday but it is still very much on the negative side and a weak…
September 30th, 2015
Introduction: as it turns out it paid off to be patient yesterday and to have not gotten carried away by the pressure we saw on important support levels in the…
September 29th, 2015
Headlines
Russian Deputy PM warns of 5-10% cut in its crude output if prices stay low
Iranian exports of condensate hits 2015-high in September on Chinese buying
Loadings of North Sea Oseberg crude…