Dariusz Kowalczyk
Dariusz Kowalczyk
compared energy low oil supplies
Supplies of heating oil are very low compared to other supplies of energy commodities.
disruption effect energy europe factor including oil potential rather russia situation supply ukraine
The situation between Russia and Ukraine is a rather (supportive) factor for oil ... as the potential for (gas) supply disruption in Europe is having a correlating effect on other energy commodities including oil.
market oil supply
Right now the market supply for oil is tight.
crude oil report seems
The report was a big surprise. Crude oil seems very ample.
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.
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.
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.
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.
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.
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.