82 ordspråk av David Thurtell
David Thurtell
(That's) the only thing that will prevent further significant price rises from here.
|
A few more refineries going on scheduled maintenance and a tapering off on imports will bring stock levels back to that seen about a year ago.
|
All eyes are still waiting to see what happens with Iran, and what the outcome will be when the IAEA makes its report to the U.N. Security Council next month.
|
All eyes are still waiting to see what happens with Iran, and what the outcome will be when the IAEA makes its report to the UN Security Council next month.
|
All we need is a bit of a cold snap and suddenly it could easily push back up. We're still in that lull period where the summer driving season is over but we haven't hit peak winter demand.
|
But stocks have been building nicely.
|
Coming so early in the season, these storms raise the odds that there will be a repeat of last year's large disruption to H2 U.S. production.
|
Companies will still deal with the Chinese in the future. They are big players, and it's a brave player who refuses to deal with them. But companies and brokers may demand deals be confirmed all the way up the line.
|
Everything's gone wrong in the oil market recently. If you wanted to paint the worst scenario picture, you couldn't do much better.
|
From his language he recognizes that while higher prices are good for revenues in the short run, longer term they help destroy demand. OPEC is probably going to increase by 1 million barrels a day.
|
From his language he recognizes that while higher prices are good for revenues in the short run, longer term they help destroy demand. OPEC is probably going to increase by 1 million barrels a day.
|
Funds appear to be buying the dips, still wanting to raise their allocation to commodities in their portfolios.
|
Global demand has pushed oil prices to a new higher platform, and risks of serious supply disruption (Iran, Nigeria) are adding a premium to prices.
|
Gulf production is really struggling. It's very unlikely that prices are going to come significantly under $60 in the next few months.
|
Heating oil is a concern as we're heading into winter.
|