Tobin Gorey
Tobin Gorey
basic causing demand driver extra factor global industry iran issue remains underlying
The Iran issue is the driver of the day, the extra factor causing the run-up in prices, but the basic thing underlying the industry is that global demand remains very strong.
coming dollar due retreat small
The small retreat is probably due to the dollar coming back a bit.
demand fallen price understand
I understand that some of the demand from fabricators has fallen away as the price has risen.
certainly market pricing quick return unlikely various
There's unlikely to be a quick return of output, and the market is certainly pricing in all of these various geo-political threats.
flying markets money
There's still money flying into the commodities markets in general. I think the market is still bullish.
almost barrels crude daily global market million nigeria oil percent prices problems puts though
Nigeria?s escalating problems though are boosting prices too. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around 3 percent of global oil output.
almost barrels crude daily global market million nigeria oil percent problems puts three
Nigeria's escalating problems ... are boosting prices. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around three percent of global oil output.
coming lower market onto sugar
More sugar coming onto the market will lower prices.
data demand economic economy energy few forecasts global iran month past points quite remaining rise supplies ways
There are quite a few ways in which supplies could be disrupted, not just from Iran itself, while the accumulation of economic data and forecasts for the global economy over the past month or so points to global energy demand remaining strong. The rise has been speedy.
atomic energy market meeting next oil
The next important meeting for the oil market will not be OPEC but the International Atomic Energy Agency.
basic demand global industry remains underlying
The basic thing underlying the industry is that global demand remains very strong.
clearly data inventory iranian nigerian providing situations support worried
The U.S. inventory data clearly worried the market, but the Iranian and Nigerian situations are providing support to prices.
few market oil period
I think the oil market is in for a period of consolidation for a few days.
further iran
There's a sense that Iran has heated up and if it's going to come to a head, it will be further out than May.