46 ordspråk av Jim Ritterbusch
Jim Ritterbusch
The problem with sufficient refinery capacity to produce gasoline still presents an issue, at least within the US.
|
The real strength is from institutional funds flowing into the market.
|
The U.S. dollar recovery yesterday and today is forcing some funds to part with their longs. They were looking for an excuse to take some profits and they found that excuse in the dollar strength.
|
They didn't do anything, and the market viewed that as bearish and rightly so, ... There's currently no sign of support underneath this market.
|
They didn't do anything, and the market viewed that as bearish and rightly so. There's currently no sign of support underneath this market.
|
This report is completely overshadowed by the storm. We did see a draw in gasoline stocks, and even though it's slight it isn't what this market needed,
|
This thing has tentacles that are going to stretch all over the place,
|
This tightness of supply in the Gulf Coast is going to spread,
|
We are seeing a small deficit in gasoline supplies, and there is some concern that the heavy refinery maintenance schedule set for the end of the quarter is going to affect supplies.
|
We did see a larger draw than expected, but that draw was mitigated by a significant increase in refinery runs.
|
We're home free for the summer.
|
We're not seeing enough pickup in production or imports. This should be enough to support the whole energy complex through the balance of the week.
|
What we're seeing now is that some funds had moved to the side making sure there wasn't a bearish surprise and now they are rotating back into the long side,
|
What we're seeing now is that some funds had moved to the side making sure there wasn't a bearish surprise and now they are rotating back into the long side.
|
You still have a sizable year-on-year deficit in distillate stocks, so it's too early in the winter to write off this distillate market,
|