Technical & Fundamental Oil Reports Specialists

Follow us

PVM Midday Report 14 September 2015

Published Monday, September 14th, 2015

  • Kuwait and Iran both have cut their October OSP to Asia
  • Iraq is expected to ramp up October Basra exports to an all-time high
  • Morgan Stanley cut 2015 and 2016 Brent price forecast
  • Eurozone July industrial production up 0.6% on the month, better than anticipated


Disappointing Chinese commodity output in August set a bearish stock market sentiment this morning. The Shanghai Composite Index fell 2.67% as steel and coal output fell in August because of weak demand and shut-downs hit factory output. Europe seems to be slightly better supported. It is down to the fact that Eurozone July industrial production registered a -.6% increase month-on-month against expectation of a rise of 0.3% whilst the growth was 1.9% on the year. This is the reason why the FTSEurofirst 300 index is some 0.25% above Friday’s settlement level.

to read the rest of the report, please click here

Posted by Tamas Varga

Tamas Varga has been in the oil industry since 1992 and with PVM for 18 years. During his time in the industry he has gathered a range of experience in the oil markets. At PVM Tamas is in charge of data collection and analysis.