Dariusz Kowalczyk
Dariusz Kowalczyk
crude expect prices risks
The geopolitical risks are still there. Because of these risks, I expect crude prices to rebound.
alter demand meeting paramount potential supply
The IAEA meeting is paramount on investors' minds, because it has the potential to alter the demand supply equilibrium.
alter meeting paramount potential
The IAEA meeting is paramount in investors' minds, because it has the potential to alter the demand-supply equilibrium.
demand downward less mean northeast oil push
The use of heating oil is 17 pct down in the Northeast (US) ... this would mean less demand and a downward push on prices.
consumer demand growth half oil proof reduce reduced second seeing slower
Slower U.S. growth may reduce growth in oil demand in the second half of the year. We are seeing proof of reduced U.S. consumer confidence.
data downward inventory later pressure prices
OPEC and inventory data should put downward pressure on prices later today.
increase premium reason rise risk situation
The reason for the rise is the increase in the geo-political risk premium because of the situation in Iran.
cut
There are indications that OPEC will not cut output.
bigger expect gone last market might rates
We might see a bigger drawdown than the market consensus. I expect refining rates to have gone up last week.
add crude cut demand
Typically, second-quarter demand for crude usually declines, so if OPEC doesn't cut supplies, it will add to the already bearish fundamentals.
add crude cut declines demand quarter second
Typically second quarter demand for crude usually declines so if OPEC doesn't cut supplies, it will add to the already bearish fundamentals.
cut less supply
Yes, there is less supply in Nigeria, but that is not enough to cut into oversupply.
cut less nigeria supply
Yes, there is less supply in Nigeria but that is not enough to cut into oversupply.
build data expect five inventory million prices range retreat six
We should see a retreat in prices after the US inventory data is released. That's because I expect a significant build in crude, in the range of five to six million barrels.