Dariusz Kowalczyk
Dariusz Kowalczyk
data downward inventory later pressure prices
OPEC and inventory data should put downward pressure on prices later today.
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.
likely nigeria prices remain rise situation volatile
The situation in Nigeria is likely to remain volatile for some time. Prices should rise because of disruptions in supply.
concerns fallen heavy prices raises seen supply
Prices haven?t fallen by much because of the heavy refinery maintenance seen around March, which still raises some concerns over supply particularly for gasoline.
expected last prices week
This being the last day of the week I expected prices to come down on profit-taking.
gasoline prices pulled rose
Gasoline prices rose and pulled everything else higher.
allowed appreciate exchange exports growth hurting means prices producer rate slower
Slower growth in producer prices makes China's exports more competitive, which means the nominal exchange rate can be allowed to appreciate without hurting exporters.
crude expect prices risks
The geopolitical risks are still there. Because of these risks, I expect crude prices to rebound.
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.
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.