David Thurtell
David Thurtell
bring few imports levels seen stock year
A few more refineries going on scheduled maintenance and a tapering off on imports will bring stock levels back to that seen about a year ago.
couple cut next prices range stay weak
I think we'll stay in a $58 to $66 range for the next couple of months. If prices get too weak OPEC, will just cut back.
agency atomic deal energy hopeful investors production strike
OPEC is set to keep production quotas unchanged... and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.
agency atomic deal energy hopeful investors production strike unchanged
OPEC is set to keep production quotas unchanged ... and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.
demand driving fuel hemisphere northern oil peak prices winter
Peak demand for winter fuel in the northern hemisphere is what is going to be driving oil prices in the fourth-quarter.
expect physical stocks suspect
I suspect jewelers and other fabricators probably haven't got enough stocks yet. So we can expect some more physical buying.
bit data difficult numbers overdone stocks
I think this demand-destruction idea is being a bit overdone at the moment. The stocks numbers were very bearish, but I think that it's still difficult to read through a lot of this data noise.
bit falling pressure rising start stocks stop suspect time
Rising U.S. (crude) stocks could put a bit of pressure on prices, but I suspect we are at the time when stocks will stop rising and will start falling soon.
caught cut expect high hurricane inventory money next normally prices saying six trying
Refiners don't want to get caught out in the next six months, with the hurricane season, Iran, etcetera. Where you'd normally expect at these high prices refiners trying to cut down on stocks, I think they're saying there's big money to be made if you've still got inventory when the hurricanes hit.
adding demand disruption global higher oil premium prices pushed risks serious supply
Global demand has pushed oil prices to a new higher platform, and risks of serious supply disruption (Iran, Nigeria) are adding a premium to prices.
coming expect lost months period possible worst
We can expect two months of lost production, and coming in the peak-demand period this is the worst possible news.
agreeing deal extract iran market nuclear price situation wax
Iran will take the nuclear situation to the wire, making the market nervous. It will wax and wane diplomatically and they'll extract a price before agreeing to any deal with the west.
concern heading oil
Heating oil is a concern as we're heading into winter.
demand gone peak prices season winter
In my view, prices had probably gone down too far, especially with peak demand winter season looming.