Dariusz Kowalczyk
Dariusz Kowalczyk
crude oil report seems
The report was a big surprise. Crude oil seems very ample.
gasoline prices pulled rose
Gasoline prices rose and pulled everything else higher.
build data expect five inventory million prices range retreat six
We should see a retreat in prices after the US inventory data is released. That's because I expect a significant build in crude, in the range of five to six million barrels.
cut
There are indications that OPEC will not cut output.
data downward inventory later pressure prices
OPEC and inventory data should put downward pressure on prices later today.
clear country decision iran mostly refer regarding security situation
I think it's mostly the uncertainty regarding the situation in Iran and the very clear decision of the IAEA to refer the country to the UN Security Council.
compared energy low oil supplies
Supplies of heating oil are very low compared to other supplies of energy commodities.
demand outlook related
Fundamentally we should go down because of the demand outlook related to weather.
add crude cut declines demand quarter second
Typically second quarter demand for crude usually declines so if OPEC doesn't cut supplies, it will add to the already bearish fundamentals.
add crude cut demand
Typically, second-quarter demand for crude usually declines, so if OPEC doesn't cut supplies, it will add to the already bearish fundamentals.
builds increasing iranian market premium price risk situation
The Iranian situation is increasing the geopolitical risk premium that the market builds into the price of oil.
alter demand meeting paramount potential supply
The IAEA meeting is paramount on investors' minds, because it has the potential to alter the demand supply equilibrium.
alter meeting paramount potential
The IAEA meeting is paramount in investors' minds, because it has the potential to alter the demand-supply equilibrium.
afraid events market moving seem
The events seem to be moving into a confrontation and the market is afraid what it will do to supply.