All in all, the report was pretty neutral. Everything pretty much was right in line with expectations.
Barring ... any catastrophe in Iraq or Iran, which is certainly the big wild card in this, we expect to see prices to start coming down in the June, July range.
It's all geopolitical right now. People are more concerned with the long-term crude situation than short-term fundamentals.
The major issue here is the huge build in gasoline stocks. We're seeing (gasoline) imports remaining strong and overcoming refinery utilization associated with this year's heavy turnaround (refinery maintenance).
We saw the full impact of the hurricanes on the natural gas market. They're creating some pretty tough numbers to meet next year.
We were thinking it would be more along the lines of 10 percent production growth, so it was a little disappointing.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.