PVM Oil Associates

Market Update: Retreat, Bullish Factors still at Play 🛢️ Read the full insight: https://lnkd.in/gM3sFPhk Yesterday’s market dip, marked by key indicators hitting technical targets and unexpected economic shifts, underscores the inherent volatility and resilience of financial markets. Stay up to date – subscribe #PVMupdate #OilMarket #EnergyNews

Market Update: Reassuring US Stock Draws 🛢️ Read the full insight: https://lnkd.in/dPuhTVqG US oil inventories showed reassuring drawdowns, indicating strong summer demand and potential for rate cuts in major economies. Despite initial market confusion, the oil complex rebounded with optimism for a steady H2 outlook and Brent prices challenging $90/bbl. Stay up to date – subscribe #PVMupdate #OilMarket #EnergyNews

Market Update: Re-invigorated Rate Hopes 📈🛢️ Read the full insight: https://lnkd.in/enWJZmWX Oil prices are climbing again. Continuing Ukrainian drone strikes on Russian oil facilities; the Pernis refinery shutdown in the Netherlands and encouraging US economic data, oil markets are on the rise. Stay up to date – subscribe #PVMupdate  #OilMarket #EnergyNews

Market Update: Slowing US Inflation, Pragmatic Fed 📉 Read the full insight: https://lnkd.in/eYemWq_q May's core inflation hits 3.4%, slightly better than expectations. Oil prices rise, dollar weakens, and markets react. Stay up to date – subscribe #PVMupdate #Inflation #FedUpdate #OilMarket 

Market Update: yet another J-Day 📈🌍 Read the full insight: https://lnkd.in/eeJERg6i In today’s data-driven environment, every day feels like judgment day for the oil market. Despite a cautious approach ahead of crucial Chinese and US inflation reports, recent findings hint at potential market movements. Stay up to date – subscribe #PVMupdate #OPEC #OilMarket #EnergySector 

Market Update: OPEC+ Shows Solidarity, Market Responds Positively 🛢️ Read the full insight: https://lnkd.in/eDVC_m2x OPEC+ leaders displayed a united front yesterday, with key figures like Saudi Arabia’s Abdulaziz bin Salman emphasising the positive impact of their recent decisions on the oil market. Oil prices are rebounding, supported by timely interest rate cuts from the Bank of Canada and the European Central Bank. However, the Federal Reserve's stance remains critical, with market expectations centred on potential rate cuts later this year. China's latest trade data presents a mixed picture: while exports exceeded expectations, a significant drop in oil imports raises concerns. Stay up to date – subscribe #PVMupdate #OPEC #OilMarket

Market Update: Are We Hitting Bottom? As the dust settles post-OPEC+ decision, we're cautiously optimistic today might mark a turning point. Despite the recent $8/bbl drop, signs suggest confidence could be returning: 🌞 Oil consumption expected to rise this summer 🛢️ Global oil stocks likely to deplete through Q3 📈 WTI & RBOB contracts showing resilience Yesterday’s job data hints at a softer labor market and a potential Fed rate cut in September. Could this spark a recovery? Keep an eye on today’s EIA report and next week’s global oil balance estimates. Read our full update here: https://lnkd.in/gPSPF7jZ #PVMupdate #OilMarket #OPEC #EIA #CommodityTrading 

Heightened tensions following the death of Iranian President Ebrahim Raisi. Bullish signals are coming out of China. Brewing international unease about untapped hydrocarbon resources in the Antarctic. How OPEC will react to current prices at the June meeting. Against such a backdrop, predicting the direction of oil prices remains ever-challenging. PVM’s Daily Oil Fundamentals is an invaluable source of insight and forethought for the market. Subscribe here: https://lnkd.in/eukZxipy #TPICAP #OilBrokers #OilIndustry #IndustryUpdates #NewsUpdates