Jamal Qureshi
Jamal Qureshi
existing fields hard million seeing sounds time
A million sounds pretty high. I have a hard time seeing that from just existing fields and rehabilitation.
build crude easy high huge pumping understand
We had a huge US crude build and OPEC said they're going to just keep pumping at high levels, so between the two of those it's pretty easy to understand the sell-off.
kerry likely petroleum
Under a Kerry administration we'd likely have a much more interventionist SPR (Strategic Petroleum Reserve) policy,
framework legal stable until
You don't know the legal framework that you are working under. You won't have that until you have a stable government.
starved
Even if the refineries are OK, they could be starved of their imports.
bigger blow heading hole huge hurricane products
Now we have a hurricane heading for the bigger part of the coastal refinery center, threatening to blow a huge hole in products supply.
arabia
This really comes down to what can Saudi Arabia do.
chinese crude flows happy impact iran iranian major oil sanctions
I think sanctions that impact oil flows from Iran are very unlikely. The Chinese are major importers of Iranian crude and they would not be too happy to see that.
ability bit feeling pinch provide
Refiners are already going to be feeling a bit of a pinch in their ability to provide supply, and importers as well.
again cut easy high hold management output supply
OPEC is going to have to go back to some supply management again if they are going to hold a (price) floor. It should be easy for them to manage, it's not like they have to cut a lot they will still be at high output levels.
hard incentives people price run
People are going to run as hard as they can. The price incentives are there.
covering happen people positions
People are covering their positions before the weekend. We don't know what's going to happen with Iran.
fear fears high price start true
If all the fears start to come true we could be getting to some high price levels.
blew doubles hole katrina problems product rita serious
Katrina blew a big hole in the product market. If Rita doubles that, we are in for some serious problems.