David Thurtell
David Thurtell
deal demand hemisphere northern prices rebound worry
The worry is that if prices come off a bit, demand will rebound and we've still got to deal with the Northern Hemisphere winter.
colder looks prices provided range send sixties
Provided we don't get any disruptions to supply, it looks like prices could have short-term weakness. But if we get a much colder winter, it could send prices into the sixties range again.
further prevent price rises
(That's) the only thing that will prevent further significant price rises from here.
few gulf next prices production unlikely
Gulf production is really struggling. It's very unlikely that prices are going to come significantly under $60 in the next few months.
barrels destroy good help higher increase language longer million prices recognizes short term
From his language he recognizes that while higher prices are good for revenues in the short run, longer term they help destroy demand. OPEC is probably going to increase by 1 million barrels a day.
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.
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.
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.
demand high oil overall prices scheme supply vulnerable worries
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.
commodity cycle demand fall improving prices supply top
We're at the top of the commodity cycle right now. Moderating demand and improving supply will see a fall in prices going forward.
alike both investors price profits succumbed temptation traders variety
Traders and investors alike both succumbed to the temptation to take profits in a variety of commodities that have made big price gains.
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.
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.
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.