PVM IS THE WORLD’S LEADING BROKER OF OIL INSTRUMENTS

Weaker prices, stronger structure

Both bulls and bears can take heart from yesterday’s developments. The supply side of the equation favoured the former. There are growing hopes that the global oil tanks will not overflow. This is what Saudi Arabia wants to avoid by any means. The Kingdom’s energy ministry directed Aramco to reduce the country’s output by an [...]

2020-05-12T10:31:09+00:00May 12th, 2020|