Tony Nunan
Tony Nunan
caught concerned cutting impact seriously traders
Traders are now more concerned about the psychological impact of the hurricanes that has seriously caught American consumers, cutting back on consumption.
colder concerned crude middle northeast people seems though view
Though there seems to be a lot of crude around, the long-term view is bullish. The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.
colder concerned crude middle northeast people seems though view
Though there seems to be a lot of crude around, the long-term view is bullish, ... The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.
again basis concerned demand reduced seeing september shown slower statistics traders
Statistics have shown demand was reduced on a year-on-year basis in September and October. Traders are concerned that they may end up seeing slower demand again in November.
coming hurricane prices scary season
The scary thing is that the hurricane season is not over yet... so I don't see prices coming down.
gulf mexico output situation unclear
The situation is unclear because output is still down in the Gulf of Mexico and U.S. refineries are having problems.
crude higher imports products situation tight turnaround warm
The short-term situation in the U.S. is not good. With the refinery turnaround season, products should be tight but crude imports are higher and there is warm weather.
above expect high inventory levels market prices stock unless warmer weighed
Even if there is a stock draw, unless it is substantially and unexpectedly high, I would not expect prices to go up above $60 as the near-term market is still heavily weighed down by high inventory levels and the warmer weather.
concerns high iran plenty volatility
It has a very high volatility and, short-term, there are plenty of inventories. However, the big concerns are Iran and Nigeria.
due faces weak
We have a two-sided market, which is fundamentally weak in the short-term due to inventories but in the long-term faces all this geopolitical risk.
coming reality
I can't see why it should have rallied $2 and I think it's coming back to reality -- that the short-term fundamentals look oversupplied,
example expected market recovery widely
Bearish (data) is widely expected and the market has already factored it in. But if it should show a recovery in demand, for example in gasoline, the market may rebound.
draws gasoline market turn
If we get draws in gasoline inventories, that could turn the market around.
arabia bring flow hopeless oil surplus
Only Saudi Arabia has surplus capacity, and if its oil flow should be disrupted, it could bring a hopeless situation.