Andrew Harrington
Andrew Harrington
crude less products recent refined traveled
Having more or less traveled together, refined products and crude have become disconnected in recent weeks.
prices time
Prices have been rarely, if ever, this high. Now is the time to make hay.
high numbers people perceived relatively size stocks suggest talk terms therefore
People talk about stocks being relatively high in terms of the five-year averages, but it's not as rosy as those numbers suggest because the size of the economy, and therefore demand, has grown. There's still a perceived tightness in the market.
again attacks prices reacting reporting situation
I think prices are reacting again to the situation in Nigeria, with Eni reporting attacks on its pipeline.
led picking push strong trick
The push is on for commodities and that's being led by strong demand, but the trick is in picking the end of the cycle.
couple forces
There are a couple of countervailing forces in play.
capacity crude demand market moment products refined seems stronger sufficient though
Though crude seems sufficient at the moment it is the refining capacity that is the real bottleneck. Implied demand for refined products indicates a stronger market for crude oil.
customers delivered gas gonna insure levels looking natural price savings sure
We're gonna be looking at making sure that the delivered price of natural gas is at levels that insure customers have the level of savings that they've been looking for.
below fall might prices reason remain strong
The reason being inventories remain strong in the U.S. Prices might fall below $60 this week.
appear certainly degree expecting healthy last numbers profit rise stocks taking
We're expecting stocks to show another rise from last week's healthy levels. There's certainly a degree of profit taking before the numbers appear after Monday's Iran-driven rally.
growth metals potential strong time
There is still strong growth potential in metals commodities in 2006 and now is the time to make hay.
stronger supply terms
Zinc is a lot stronger in terms of supply characteristics than the other metals.
sort summer time winter year
This is the time of year when stockpiles should be rising. We're in that sort of in-between period. Winter is sort of over and summer hasn't really started.
appears organized prices room series
This appears to be a more coordinated and organized series of attacks. Prices have room to go up $3 or $4 a barrel.