Victor Shum
Victor Shum
concerned continuing crude draw driving gasoline inventory late market peak season starts stock summer
Crude inventory went up and the market is concerned about the continuing gasoline stock draw in the US market and the peak summer driving season that starts in late May.
available capacity crude good
Even if there's available crude for release, if there's no refining capacity that they can use, what good is that?
crude market meetings movement watch
There's not a whole lot of movement in the market today. I think the crude market will watch for the two meetings this week.
crude expect knows market nobody
Nobody knows what to expect next. That's why the crude market is apprehensive.
crude drive events floor high market price pricing seeing short term though
Short term events like this which are unpredictable can drive a high price floor for crude prices. That is why we are seeing pricing in the high 50s even though the market is well supplied.
crude cut fears iranian market reacting supply
This reduces fears about an Iranian crude supply cut and the market is just reacting to that.
crude demand fairly gas immediate impact likely natural oil pricing sign winter
Natural gas pricing is an immediate telltale sign of the winter situation: it is fairly mild, and this is likely to impact heating oil and crude demand as well.
critical crude petroleum process product refined release reserve strategic supply sure
The release of crude out of the Strategic Petroleum Reserve is not as critical as making sure that there is enough refined product supply and that there are refineries to process the crude.
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.
both crude market
The market is well supplied with both crude and products.
both crude fact focused iranian market products situation stays
The market is focused on the fact that the market is well supplied - both in products and in crude - while the Iranian situation stays in the background.
appears decline due few floor high iranian issue keeping large past prices surprising
The pullback appears to be due to profit-taking, which is not surprising considering prices have really surged in the past few days. The decline will not be large because the Iranian issue is keeping a high floor under prices.
concerns fears focusing lingering market nigeria political upwards
With lingering concerns over Iran, Nigeria ... the market is correcting upwards because it is focusing on fears in the geo- political realm.
attracting elements floor high market
These elements will keep attracting speculative elements into the market and keep a high floor for crude.