We can expect two months of lost production, and coming in the peak-demand period this is the worst possible news. |
We're at the lowest available output I've seen in maintenance season for some years. |
We're at the lowest available output I've seen in maintenance season for some years. There's a cleaner fuels impact and then other work was delayed after last year's hurricanes when supplies were short. |
We're at the top of the commodity cycle right now. Moderating demand and improving supply will see a fall in prices going forward. |
We're just going into the peak season. Anything that is going to disrupt supplies is very unwelcome. |
While Iran said last week that it would separate nuclear and oil as issues, it was only last year that it warned that oil could be used as a weapon to get its own way on the nuclear issues. |
While the market had factored in the potential consequences of reporting Iran to the UN, when it actually happens prices take the effect further. |