Julian Lee
Julian Lee
gas problem
The big problem with development of gas in the Caspian is what do you do with it?
disruption fears higher hold industry iran iraq losses lower mean nigerian oil potential production quality supply terms valuable wants
Fears of disruption in Nigeria, lower production from Iraq and potential losses of supply from Iran mean that the industry wants to hold higher inventories. Nigerian oil is valuable in terms of quality and location.
although nigerian oil people places quality stocks supplies terms valuable worried
People are worried that although stocks are comfortable, there are places where supplies could be disrupted. Nigerian oil is valuable in terms of quality and location.
everybody open prices start tap tendency
The tendency (is) once prices start to rise, for everybody to open the tap a little bit.
barrel price thinking wishful
The $100 barrel price is very much wishful thinking on Venezuela's part.
attacking close exports fears impact industry oil people start terrorists whatever worrying
If this has an impact on exports and production, it would be close to one of the things the industry fears the most. If terrorists are successfully attacking the Saudi oil industry in whatever form, people are going to start worrying a lot.
concern expect fairly fuel jet oil prices products remain
The real concern is over products and I expect prices for gasoline, heating oil and jet fuel to remain fairly robust.
aftermath crude deal demand great hurricane pressure seems taken
There is a great deal of uncertainty in this market. But interestingly enough, in the aftermath of Hurricane Katrina, demand pressure seems to have been taken off crude oil.
busy cold driving followed industry praying season
Industry will be praying for a busy driving season this summer, followed by a long, cold winter.
current level levels mean oil prices simply starving
The current level of oil prices is simply unsustainable...to keep the price at these levels would mean starving the world of the oil it needs,
clarity market moment needs oil volatile
The market is so volatile at the moment ... the one thing the oil market desperately needs at the moment is clarity from OPEC, and it's not getting it.