Tobin Gorey
Tobin Gorey
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.
bit decent dip expect few market past sustained
The market has had a decent run-up in the past few sessions so we may see a bit of consolidation, but I don't expect it to be a sustained dip in prices.
basic demand global industry remains underlying
The basic thing underlying the industry is that global demand remains very strong.
assume bargaining fall iran oil prices willing
The fall in prices is modest...No one is willing to assume Iran will never use oil as a bargaining chip.
bring cool expected fuel states united united-states weather
The continuation of cool weather in the United States is expected to bring big spikes in heating fuel demand.
against backdrop economic equation faced inclined money peak reached strong tight
I'm inclined to think it's not reached a peak yet. We're still faced with a tight supply-demand equation against the backdrop of strong economic growth, and there's still more money to come into the market.
inclined peak reached
I'm inclined to think it's not reached a peak yet.
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.
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.
demand fallen price understand
I understand that some of the demand from fabricators has fallen away as the price has risen.
bit cold market snap squeezed supply sustained test weather
Something that could have squeezed supply a bit tighter would be a sustained cold snap and there just hasn't been the cold weather in the U.S. yet to test out just how well the market can supply.
coming dollar due retreat small
The small retreat is probably due to the dollar coming back a bit.
coming lower market onto sugar
More sugar coming onto the market will lower prices.