Midweek News 27Jun

Graphics

• ECB Bond Buying. (Reuters/Scott Barber)
• Crude Inventories. (Bespoke)

Central Banks

• Lower German CPI Paves Way For ECB Rate Cuts. (DJFX Trader)
• Italy, Spain, & EU Bond Purchase Schemes. (FT Brussels Blog)
• Bank Bailout To Spark Firesale of Corporate Spain. (Reuters)
• OPEC As A Central Banker. (The Street)

Geo-Politics

• BRICs Hostage To West Over Iran, Petrodollar, & SWIFT. (FT Beyond BRICs)
• EU To Implement Sanctions Against Iran, 1st July. (Platts)
• South Korea To Stop Oil Imports From Iran Over EU Sanctions. (Platts)
• Iran Admits Oil Exports Down 20-30%. (RT)
• Venezuela Calls For OPEC Price Band, $80-$120. (Reuters)
• Spain Formally Asks For Aid. (BusinessWeek)

Supply/Demand, Markets, Scandal

• API: +500k v -500k exp. (Reuters)
• EIA: -133k v -1.3mil exp. (EIA)
• Barclays & Massive Libor Manipulation. (Zerohedge)
• More Color on Brent Contango Shift. (FT Alpha)
• Oil Price Differentials: Caught Between The Sands & The Pipelines. (Casey Research)
• Iraq's Crude Production Rises To 20yr High. (Bloomberg)
• First Central Gulf Lease Sale Post Macondo. (Platts)
• Norway Announces New Round of Exploration. (Platts)