81 ordspråk av Tony Nunan

Tony Nunan

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It is unknown how extensive the damage to the refineries is.

The situation is unclear because output is still down in the Gulf of Mexico and U.S. refineries are having problems.

The whole thing about Katrina ends up as a psychological shock. U.S. consumers back off after gasoline prices sky-rocketed.

It will be more of a political move on the part of OPEC to calm high oil prices.

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

In the short and medium term, there's no crude oil problem because the U.S. government will release stocks and IEA will release stocks to cover that shortfall.

Overall big picture is the market is still strong,

The products problems cannot be solved. One way to solve the products (supply) problem is imports from Europe or Asia.

The market is a bit confused because the recent data showed a big build in gasoline inventory. But I think most people will realise that it'll probably be not until next week that we see real (inventory) numbers.

Traders are now more concerned about the psychological impact of the hurricanes that has seriously caught American consumers, cutting back on consumption.

I don't think the market is weak,

Only Saudi Arabia has surplus capacity, and if its oil flow should be disrupted, it could bring a hopeless situation.

The market has been sold off after the Hurricane headed for Florida instead of the Gulf Coast. So oil production is not affected.

If you look at statistics every week, there's a drop in demand year-on-year. People are focusing on that.

That's the big question on everybody's mind, how much this (high prices) affected the demand.

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