PVM Midday Report 13 June 2016
Headlines
OPEC hints at tighter oil balance in 2H 2016; output down 100,000 bpd in May
Chinese implied oil demand falls by 380,000 bpd in May y/y to 10.24 mbpd
Iran’s biggest oil…
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June 13th, 2016
PVM Midday Report 13 June 2016
Headlines
OPEC hints at tighter oil balance in 2H 2016; output down 100,000 bpd in May
Chinese implied oil demand falls by 380,000 bpd in May y/y to 10.24 mbpd
Iran’s biggest oil…
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…
April 20th, 2016
Watch RBOB’s 13 day around 145.42 for guidance. Being below the 5 and 8s on the rest is not good.
Introduction. Last night’s closes were respectable, except for the fact that RBOB, although having held its 13 day MA on the dip, was still below the 5 and 8 day…
November 16th, 2015
ICE is still more negative – NYMEX is trying to turn bullish
We saw some upside correction on ICE on Friday. Whether it will turn into something more serious than just a retracement remains to be seen. Current technicals are still negative…
July 2nd, 2015
ICE has turned positive – NYMEX is firmly in the range
August ICE: To be consistent there is now nothing wrong with being long. To begin with, the daily slow stochastics is firmly positive. Secondly, all the daily short-term M/As were…
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