Gerard Burg
Gerard Burg
balanced causes crude damage exceed katrina last markets oil prices production push remain saw shot toward year
We saw last year just how much oil shot up after Ivan. Crude markets remain delicately balanced and if Katrina causes substantial damage to production facilities, oil prices will exceed $70 and could push toward $80 a barrel.
balanced causes crude damage exceed katrina last markets oil prices production push remain saw shot toward year
We saw last year just how much oil shot up after Ivan, ... Crude markets remain delicately balanced and if Katrina causes substantial damage to production facilities, oil prices will exceed $US70 and could push toward $US80 a barrel.
bit came continuing high prices pushed question rise surprised whether year
We see prices continuing to rise during the year but the real question is whether we have pushed up a bit too high with speculative interests. I wouldn't be surprised if it came off a little.
gas meet natural oil pressure prices push shift supply
We should see pressure to shift to heating oil if natural gas supply can't meet demand, and the shift to distillates will push prices up further.
action again attacks bit chinese constant helping market military push rebound remain talk
It's the constant talk of attacks and military action that are heightening tensions again and helping push up prices. We should see a bit of a rebound in Chinese consumption this year. The market is going to remain very tight.
assets commodity expected funds increase pension recent returns
With commodity returns outperforming other assets in recent years, pension and hedge funds are expected to increase investments in commodity markets.
bit cool impact oil prolonged spell until
There is a bit of a time-lag in all this, but a prolonged cool spell should see a real impact on heating oil stocks, which until now have been robust.
build capacity maximum past usual warmer weather
With refineries ramping up at maximum capacity and with the weather having been warmer than usual over the past two weeks, the build was not that much of a surprise.
assess attention attracting continue damage drive prices production storms threat
While we continue to assess the damage from Katrina, the threat to production of new storms is attracting everybody's attention and could drive prices right back up.
commonly fuel gas natural production
Natural gas production in the U.S is still not back up to 100 percent, and gas is the most commonly used heating fuel in the U.S,
decisions impact key level main market obviously production steel
Obviously the main uncertainty in the steel market is the level of production from China. It's really the key uncertainty and that will impact on decisions made by steelmakers.
capacity demand expect next squeeze strong
We've still got a capacity squeeze from that area. Demand has been very strong short-term and we expect it will be strong next year.
contract market reports time
Reports of market tightness at the time of settlement play into contract prices.
base below falling forecast metal outcome prices result
Such an outcome would result in base metal prices falling well below our forecast levels.