Dariusz Kowalczyk
Dariusz Kowalczyk
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.
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.
crude oil report seems
The report was a big surprise. Crude oil seems very ample.
crude expect prices risks
The geopolitical risks are still there. Because of these risks, I expect crude prices to rebound.
data downward inventory later pressure prices
OPEC and inventory data should put downward pressure on prices later today.
clear country decision iran mostly refer regarding security situation
I think it's mostly the uncertainty regarding the situation in Iran and the very clear decision of the IAEA to refer the country to the UN Security Council.
compared energy low oil supplies
Supplies of heating oil are very low compared to other supplies of energy commodities.
cut
There are indications that OPEC will not cut output.
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.
demand outlook related
Fundamentally we should go down because of the demand outlook related to weather.
cut less nigeria supply
Yes, there is less supply in Nigeria but that is not enough to cut into oversupply.
cut less supply
Yes, there is less supply in Nigeria, but that is not enough to cut into oversupply.
close demand draws focus gasoline improved season since stocks winter
As the winter season draws out to a close this quarter, the focus will be on gasoline stocks especially since demand has improved on-year.
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.