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PVM Midday Report 06 November 2015

Published Friday, November 6th, 2015


  1. Iran hopes to sign five major oil deals with IOCs by 2017 – Deputy Oil Minister
  2. Goldman Sachs warns of “weak winter gasoline market”
  3. Brazil’s Petrobras reveals oil output currently down 100,000 bpd as a result of strike action
  4. German industrial output suffers biggest monthly fall in more than a year in September


Fundamentals: Iran’s Deputy Oil Minister has announced that it hopes to sign “four or five” significant energy contracts with major international oil companies (IOCs) by 2017. Goldman Sachs have adopted a bearish tone regarding upcoming prospects for gasoline demand and margins after it predicted a “weak winter gasoline market”. Meanwhile, Brazil’s state-owed oil giant Petrobras has revealed that ongoing strike action has trimmed output by 100,000 bpd at present, less than the 178,000 bpd seen earlier this week.

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Posted by Stephen Brennock

Stephen Brennock joined PVM in 2013 after having worked as a project manager for a business development firm. He graduated with a degree in Business Management in 2007.