EBChart experiments

Also in oil, only a day after reportedly sending 'positive signals' Iranian officials have now said they aren't committed to attending the informal OPEC meeting in Algeria next month. Iraq is also showing signs that it isn't interested in capping its own production, particularly when the government is straining for cash. 

Container blue, heading 2; 8pt arial

Source: Emirates NBD Research.

Also in oil, only a day after reportedly sending 'positive signals' Iranian officials have now said they aren't committed to attending the informal OPEC meeting in Algeria next month. Iraq is also showing signs that it isn't interested in capping its own production, particularly when the government is straining for cash. 

Container blue, bold, heading 2; 10pt arial

Source: Emirates NBD Research.

Oil markets sold off last night in response to a 2.5m bbl build in overall US crude inventories. Apart from the gain in crude stocks the rest of the weekly EIA report showed product inventories holding more or less unchanged, not a particularly sanguine sign for stock levels going into the autumn refinery maintenance season. 

Container blue, bold, heading 2: Why is this a different blue?

Container blue, bold, heading 2; 12pt arial

Source: Emirates NBD Research.

Also in oil, only a day after reportedly sending 'positive signals' Iranian officials have now said they aren't committed to attending the informal OPEC meeting in Algeria next month. Iraq is also showing signs that it isn't interested in capping its own production, particularly when the government is straining for cash.