Technical & Fundamental Oil Reports Specialists

Follow us

PVM Midday Report 06 November 2015

Published Friday, November 6th, 2015

Headlines

  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

Oil                                                                                              

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.

to read the rest of the report, please click here

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.