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…
The Technical Report is written by Robin Bieber, a highly regarded technical analyst specialising in the oil futures markets since the early 80’s who also leads PVM’s Future’s group. His technical indicators are the foremost drivers in many oil-trading systems, particularly those following the ICE contracts and the PVM Technical Report is acknowledged to be the most widely read and influential of its kind and considered by many to be essential reading for oil market participants.
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