With almost 14 percent of productive assets in the Gulf still idled, the approaching hurricane season will prevent prices from retreating too far. |
With distillate stocks at a 14 million-barrel surplus, the forecast for colder temperatures isn't providing much support. It is too little, too late. |
With distillate stocks at a 14-million-barrel surplus, the forecast for colder temperatures isn't providing much support. It is too little, too late. |
With winter speeding by, there isn't much time left to generate significant demand. |
With winter speeding by, there isn't much time left to generate significant demand. Unless several weeks of sustained cold materialize over the next two months or so, supply should be more than adequate. This could weigh heavily on prices if this condition persists into the restocking season after April 1st. |
Worries about gasoline supplies during the summer driving season are fading. |
You are getting paid to store crude oil and products. Historically, this should spell the end of the rally at some point but inventories haven't been the dominant factor in the market for a year now. |
You can never underestimate the potential for OPEC to do the wrong thing and push prices with their rhetoric or actions. |
You have to believe at this point that the new Iranian president is willing to use oil as a weapon, if only for a symbolic week or two to create a crisis, exact some concessions from the West and then defuse the situation. |