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Archive for May, 2016

May 31st, 2016

PVM Midday Report 31 May 2016

Headlines

Loadings of North Sea Oseberg crude set to slip to 116,000 bpd in July
Saudi Aramco plans to expand capacity of its east-west pipeline to 7 mbpd by 2018
Asian imports of…


May 31st, 2016

No price boom to follow the bust according to the forward price curve

The oil picture to the end of the year is confusing as far as the supply/demand balance is concerned. The most bullish of the monthly forecasting agencies is the IEA…


May 31st, 2016

Lack of harmony. Watch RBOB for guidance.

Introduction.  By Friday’s closes all contracts, bar RBOB, had closed over the short term (s/t) MAs. July RBOB was above the 13 but below the 5 and 8. This was…


May 27th, 2016

PVM Midday Report 27 May 2016

Headlines

Niger Delta Avengers claim responsibility for latest pipeline attacks near Batan oil field
French refinery strike leads to hold up of 38 tankers at Fos-Lavera oil port
Iranian stockpiles of low-enriched uranium…


May 27th, 2016

$50 bbl proving to be a formidable obstacle

Front month Brent and WTI both broke through the $50 bbl barrier yesterday but were unable to hold on to the gains. The trigger for the gains was news of…