20 ordspråk av Craig Pennington

Craig Pennington

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 A bit of the premium in the oil price on Iran has been taken off today.

 A bit of the premium in the oil price on Iran has been taken off today. The market interpretation (of U.S. comments) is that there will be no sanctions and that oil won't be used.

 If we get a normal winter, we'll probably have enough inventories, but if we get a very harsh winter, inventories could collapse to unseen levels. The oil market would be very jittery with any supply disruptions.

 It doesn't matter that the government opens the strategic reserves because there is very little slack in the refining business.

 Nigeria has always been a difficult place and now they have targeted the offshore platforms. They've never done that before. Obviously, that's very dangerous.

 People are looking to product spec changes and the disruption that will be caused by product spec changes.

 People will still watch gasoline because of maintenance and subsequent specification changes.

 The expectation for an inventory build is built in across all the product areas with an outside risk of a surprise on heating oil.

 The oil market has been driven by speculators, by hedge funds, by pension funds and by commodity indexes, but the fact of the matter is that it's mostly been driven by the fundamentals. Prices are supported by the fact that there is no spare capacity.

 The past couple of days have been based on one entity's view of what January's weather will look like and that hasn't been enough to establish a price trend.

 The refineries are entering their biggest period of maintenance. People will start to look for the refinery run rates and look for bigger-than-expected draws on gasoline.

 There is an increasing challenge for OPEC next year. If you look at what people expected last year, non-OPEC supplies have disappointed and demand has been stronger. The result has been in OPEC's favor. But next year will be tougher. And they will not want prices to drop below $50 a barrel. They will need to cut production.

 There isn't the spare capacity to make up for the missing production in the Gulf of Mexico. OPEC used to have 4 to 5 million barrels of spare capacity. That's down to about 1.5 million barrels a day this year.

 There isn't the spare capacity to make up for the missing production in the Gulf of Mexico. OPEC used to have 4 to 5 million barrels of spare capacity. That's down to about 1.5 million barrels a day this year.

 We had a warm start to the winter but now it is starting to look a bit ugly. The focus will be on cold weather for some time to come.


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Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.



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