David Thurtell
David Thurtell
capacity france gulf lost mexico problems weakness
Lost refining capacity in the Gulf of Mexico and problems in France are a short-term weakness in crude.
disrupt peak supplies
We're just going into the peak season. Anything that is going to disrupt supplies is very unwelcome.
capacity coast forget gulf hit knocked
Let's not forget that refining capacity in the U.S has been severely knocked out by the hurricanes, which hit the Gulf Coast in September.
iran last nuclear oil separate warned weapon week year
While Iran said last week that it would separate nuclear and oil as issues, it was only last year that it warned that oil could be used as a weapon to get its own way on the nuclear issues.
flows hard rest
It's not hard to imagine, you know, that there could be safe-haven flows for the rest of the week.
barrels capacity half line million missing next nigerians reality time
The Nigerians indicated capacity could be back on line next week. That's could, not will, and the reality is we could be missing those half million barrels for some time yet.
attacks concerns deep nigerian people wondering
The Nigerian attacks have really sparked concerns about supply. People are wondering how deep is it going to go and how long will it go on for?
came surprise
It was no surprise that OPEC came out and said 'no change' to supply.
capacity close iranian issue market oil production until
Oil production is pretty close to capacity at the moment. The market is going to be very jittery until the Iranian issue is resolved.
case facilities impact kicking looks man
It looks like she could have an impact on facilities that were untouched by Katrina, and while we don't really know where she will go at present, it really is a case of kicking a man while he's down.
bigger closed damage drove gasoline higher looks main plants prices problems reasons rita
It looks now as if Rita is not going to go through the main refinery region. Because all these plants have closed for precautionary reasons there have been problems with gasoline supply, which drove prices higher yesterday. Still, it looks as if there's not going to be so much damage to the bigger refining sites.
amount french hurricane looks production remains season strikes
It looks encouraging that some of the French strikes are ending, but the hurricane season is not over yet and a significant amount of U.S. production remains shut.
capacity crude missing refine seems suffering
It seems that crude is suffering because there's little capacity to refine crude. We are missing so much refining capacity now.
along demand diesel economy firm healthy helped infer looks oil price remain safe
The US economy looks healthy and it's safe to infer that the demand for oil and diesel will remain pretty firm and that the price of oil should be helped along as well.