Victor Shum
Victor Shum
disrupted drama iran nigeria oil prices sending short
The geopolitical drama over Iran and Nigeria is sending oil prices upwards. But Nigeria is more problematic in the short term, because it has actually disrupted supply.
drama iran nigeria oil prices sending
The geopolitical drama over Iran and Nigeria is sending oil prices upwards.
close downward due forecast gone market thursday today warmer weather
The downward close on Thursday was due to the warmer weather forecast ... and today the market is correcting (that) so it's gone back up a little.
confirmed data inventory market quite
The fundamentals are quite bearish ... the inventory data ... essentially confirmed that the market is (well) supplied with product.
confirmed data inventory market quite
The fundamentals are quite bearish (negative for prices) ... the (US) inventory data ... essentially confirmed that the market is supplied with product.
anxiety cause caused current disruption immediate iranian oil though
The current Iranian developments, though they will not cause any immediate disruption to oil supply, have caused some anxiety on the part of traders.
capacity crude louisiana oil process shut sour
The crude oil that is going to be supplied is the heavy, sour kind, and there is not much refining capacity for that. Louisiana refineries can process that, but they are shut down.