David Thurtell
David Thurtell
disrupt peak supplies
We're just going into the peak season. Anything that is going to disrupt supplies is very unwelcome.
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Peak demand for winter fuel in the northern hemisphere is what is going to be driving oil prices in the fourth-quarter.
attention demand oil pay peak people start
People will start to pay attention to peak demand looming, with heating oil a worry.
demand gone peak prices season winter
In my view, prices had probably gone down too far, especially with peak demand winter season looming.
bit cold driving easily hit lull peak period push season snap suddenly summer winter
All we need is a bit of a cold snap and suddenly it could easily push back up. We're still in that lull period where the summer driving season is over but we haven't hit peak winter demand.
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.
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Everything's gone wrong in the oil market recently. If you wanted to paint the worst scenario picture, you couldn't do much better.
absolutely decent drop rain
If we could get a decent drop of rain everything would be absolutely humdinger.
expect good iran iranians loss oil start stocks surprised threaten ticks
I'd be surprised if oil ticks much lower, stocks are good but you only have to have Iran start to threaten the loss of barrels. I expect the Iranians to take this to the wire.
expect iran iranians loss oil start stocks surprised threaten ticks
I'd be surprised if oil ticks much lower. Stocks are good, but you only have to have Iran start to threaten the loss of barrels. I expect the Iranians to take this to the wire.
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.
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Lost refining capacity in the Gulf of Mexico and problems in France are a short-term weakness in crude.
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There are worries about demand going forward, but in the overall scheme of things, oil prices are still exceptionally high and are still vulnerable to supply hitches.
avoid bush higher petroleum president prices releases strategic supply
The only way we can avoid yet higher prices is if President Bush releases supply from the Strategic Petroleum Reserve.