Kyle Cooper
Kyle Cooper
Kyle Cooperis an American designer of motion picture title sequences...
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.
concern consumers gas high incredible natural oil rise rising supplies switch weeks
Two weeks ago heating oil was rising on concern that consumers would switch to distillate because of high natural gas prices; now that's out the window. It's incredible to see natural-gas supplies rise in December.
although disruption europe fear future gas market move moving possible reason relatively remains russian seems supplies weather
Although the U.S. weather remains relatively bearish, the market is moving higher. There seems to be little fundamental reason for the move as Russian gas supplies to Europe are resuming. However, fear of a possible future disruption is probably a driver.
both bullish case draw gasoline increases large levels prices small supplies
There were large increases in both distillate and gasoline supplies and only a small draw in crude. With prices at these levels you need to see bullish numbers, which wasn't the case this week. Supplies look adequate.
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.
above barrels cranking million rise start supplies
Inventories are actually still 7 million barrels above the three-year average. Once these refineries start cranking back up, I think you'll see supplies rise pretty quickly.
ahead cutting heck iranians market nuclear program rest saying supplies
The Iranians are going ahead with their nuclear program and saying the heck with what the rest of the world thinks. They didn't say anything about cutting supplies but the market is still nervous.
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.
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,
houston moving storm track
The track has been moving to the east, away from the really big refineries in the Houston area. The storm is still serious.
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.