81 ordspråk av Tony Nunan

Tony Nunan

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 (Increasing production) will be more of a political move on the part of OPEC to calm high oil prices.

 1.6 million barrels is a comfortable level and we shouldn't see prices push upwards too much, ... If you say there is going to be a 3 million-barrel draw in distillate stocks, then I'd say we will see the market react in panic, and a strong rally will follow.

 1.6 million barrels is a comfortable level and we shouldn't see prices push upwards too much. If you say there is going to be a 3 million-barrel draw in distillate stocks, then I'd say we will see the market react in panic, and a strong rally will follow.

 After the hostages were released, it kind of eased some of the tension.

 Bearish (data) is widely expected and the market has already factored it in. But if it should show a recovery in demand, for example in gasoline, the market may rebound.

 But geopolitical factors have calmed down now and the Saudis have taken serious steps to quash the terrorist risk.

 Commodity-related funds remain in demand because the fundamentals remain the same -- we have strong economic growth in Japan, the United States and China that is going to drive up demand, while spare refining capacity remains limited.

 Demand is so high and capacity is so low, we can go from comfortable to uncomfortable inventories within a month.

 Even if there is a stock draw, unless it is substantially and unexpectedly high, I would not expect prices to go up above $60 as the near-term market is still heavily weighed down by high inventory levels and the warmer weather.

 For now it's off the radar screen.

 Fundamentals have been weak for the past couple of months because of the high inventories in the U.S. Prices have gone up because of a series of geopolitical events.

 Fundamentals have been weak for the past couple of months.

 Gasoline seems to be the main driver in the Asian market today .

 However, tension has relaxed a bit and the market came off.

 I can't see why it should have rallied $2 and I think it's coming back to reality -- that the short-term fundamentals look oversupplied,


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