Technical & Fundamental Oil Reports Specialists

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Archive for February, 2016

February 29th, 2016

PVM Midday Report 29 February 2016

Headlines

Iranian crude oil exports hit 1.75 mbpd in the month to Feb 19; up 400,000 bpd y-o-y
Reuters poll trims 2016 Brent and WTI price forecasts to $40.10/bbl and $38.90/bbl
Speculators increase…


February 29th, 2016

Production cuts a “waste of time” and a freeze “laughable”

At about this time last year oil executives meeting at the CERA annual conference were hopeful that oil prices had bottomed, despite forecast supply and demand numbers that showed quite…


February 29th, 2016

Yet another failure at range resistance. Stuck.

Introduction.  The contracts made yet more spirited tests of resistance on Friday and failed. The range resistance is very strong and the market remains range bound where the extremities are…


February 26th, 2016

PVM Midday Report 26 February 2016

Headlines

Kurdish crude export pipeline via Turkey to remain offline for at least another two weeks
Suspended flows of Nigeria’s Forcados crude could last until April
Preliminary state-inflation data points to German deflation…


February 26th, 2016

Expectations surpass facts

The eagerly-awaited gathering of G20 finance ministers and central bankers got underway this morning and expectations are running high. Will they assuage concerns of waning global growth prospects? Will they…