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…
November 30th, 2015
Headlines
Japanese crude oil imports fall by 5.7% year-on-year in October to 3.12 mbpd
ICE Brent crude net speculative length rebounds by 19,208 lots in week to November 24
Fitch warns of negative…
November 30th, 2015
Both contracts closed lower on Friday. Those who were long on ICE probably remained long as the short-term daily M/As, albeit seriously tested, were not settled below. NYMEX, on the…
November 30th, 2015
In a QE world geopolitical tensions do not seem so serious. QE acts like a relaxant with the result that investors have shrugged off the terrorist attacks in Paris and…
November 30th, 2015
Introduction. There are two sides to the market at the moment – Jan’ RBOB and then the rest. It is only RBOB’s action that is preventing targets lower, and it…
November 27th, 2015
Headlines
Chinese oil giant Sinopec offers incentives for its refiners to boost diesel exports
IEA sees India overtaking China as biggest contributor to global oil demand growth
Chinese regulators widen securities-violation probe to…