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Archive for June, 2016

June 30th, 2016

PVM Midday Report 30 June 2016

Headlines

Iranian crude oil exports to reach 2.14 mbpd in July, down from 2.31 mbpd in June
Talks aimed at averting Norwegian oil workers’ strike get underway
Goldman warn that normalising Nigerian oil…


June 30th, 2016

US crude oil stocks keep falling

This time around there was no differing view between the API and the EIA as far as crude oil inventories were concerned. The former saw them dropping by 3.9 million bbls and…


June 30th, 2016

Upside potential developing. RBOB must stay over the 5 day MA around 152.21.

Introduction.  The contracts performed well yesterday. The relative lack of enthusiasm displayed by RBOB is a worry and needs to be watched. The market had, by Monday, completed a price…


June 29th, 2016

PVM Midday Report 29 June 2016

Headlines

API reports sixth-consecutive weekly draw in US crude oil stockpiles
Russian Finance Ministry forecast oil prices will stand at $40/bbl by year-end
Regional German inflation data for June points to pick up…


June 29th, 2016

Keep calm and carry on

This old British adage rang true yesterday across global stock markets which displayed signs of recovering from the Brexit hangover as investors tentatively dipped their toes back into risk assets….