Andrew Harrington
Andrew Harrington
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.
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.
again attacks prices reacting reporting situation
I think prices are reacting again to the situation in Nigeria, with Eni reporting attacks on its pipeline.
driving early people price reaction signs supplies worried
People are already worried about supplies for the driving season, even this early on. There's going to be a price reaction if there are any signs of shortages.
crude less products recent refined traveled
Having more or less traveled together, refined products and crude have become disconnected in recent weeks.
certainly gold money silver
Gold and silver were certainly benefiting from speculative money and that was never going to be sustainable.
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.
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.
aside continue east emerges factors growth influence investors level middle might month negative news past stocks
Geopolitical factors will continue to influence prices. The growth in the level of stocks might be put aside by investors as they have done over the past month if more negative news emerges from the Middle East or Venezuela.
company cost costs holding mind mines mining needs plants processing producing terms weighed
The cost of producing more from mines and processing plants needs to be weighed in terms of costs when boosting production, but no mining company in its right mind would be holding back if it didn't have to.
bit burning declining demand gas limited people prices pushing start suddenly supply
If you've got declining gas supply and people start burning more oil, then that's one thing, and then you've also got limited supply from Iraq. Suddenly there's a bit of supply news, and a bit of demand news, and it's the combination of those two that's pushing prices up.