Kyle Cooper
Kyle Cooper
Kyle Cooperis an American designer of motion picture title sequences...
barrels given lost production reaction reasonable restore shell
We've lost 450,000 barrels a day of production, which is significant. Shell hasn't given us much of an idea of when they will be able to restore output. This is a pretty reasonable reaction given that we don't know how long it will be before the production is back to normal.
continues damaging eventually government industry production recovery reduced reserves storm
The recovery continues to be slow. Government reserves will more than make up for reduced production but they will eventually have to be replaced. This will probably end up being the most damaging storm to the industry by far.
abound actual bulls certainly fear highlights known production whether
This certainly highlights what the bulls have been trumpeting. It is not known whether any actual production will be affected. Uncertainty and fear abound in this market.
bullish coming left mentality number offshore power problems production shut since
Offshore production is coming back very slowly. Problems with power have left a number of refineries shut since Rita. This reinforces the very bullish mentality of the market.
concerned people products
People have been more concerned about products than crude.
across good increase product running sign supplies
Supplies are ample across the board. We were able to increase product supplies even with refineries running at around 86 percent, which isn't a good sign for the bulls.
again cautious coast gulf inventory obviously products reports transfer viewed
The inventory reports should again be viewed with a cautious eye, as obviously the 'normal' transfer of products around the Gulf Coast is anything but 'normal,'
demand factors gulf lower market production remain slightly
The market (has) a slightly lower bias. Production curtailments in the Gulf remain supportive, while demand factors must now be considered.
crude fear happen rather reality responding time
Crude hasn't been responding to fundamentals all year. I think crude has been $8 to $10 overvalued for some time and has been responding to the fear of what could happen rather than the reality of what is happening.
above crude demand meet million oil plenty supplies
There's plenty of supply. Crude oil supplies are above 320 million barrels, which is ample to meet demand from refiners.
air arctic coming continuing flow inhibit lower major pacific practical quite rapidly strong winter
Quite simply, the strong Pacific flow is continuing to inhibit any major intrusions of Arctic air into the lower 48. The winter is rapidly coming to an end for all practical purposes.
attacks concern continued fear further higher iranian nigeria possible prices primary reported situation supply threats
Prices are much higher on fear of possible further supply disruptions. Continued concern about the Iranian situation and new threats in Nigeria and primary drivers. There were no new reported attacks in Nigeria, just more threats.
based current fall january large
Temperatures need to fall to alleviate what will be very large inventories by the end of January based on current forecasts.
bit normal rising slightly
Distillate inventories were up slightly but are not rising at a normal pace, so that is a little bit concerning,