David Thurtell
David Thurtell
capacity france gulf lost mexico problems weakness
Lost refining capacity in the Gulf of Mexico and problems in France are a short-term weakness in crude.
capacity coast forget gulf hit knocked
Let's not forget that refining capacity in the U.S has been severely knocked out by the hurricanes, which hit the Gulf Coast in September.
demand driving fuel hemisphere northern oil peak prices winter
Peak demand for winter fuel in the northern hemisphere is what is going to be driving oil prices in the fourth-quarter.
concern heading oil
Heating oil is a concern as we're heading into winter.
agency atomic deal energy hopeful investors production strike unchanged
OPEC is set to keep production quotas unchanged ... and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.
case facilities impact kicking looks man
It looks like she could have an impact on facilities that were untouched by Katrina, and while we don't really know where she will go at present, it really is a case of kicking a man while he's down.
chances forming goes hurricane season till woods
The hurricane season goes on till the end of November, so we're not out of the woods yet. But at least the chances of another hurricane forming are getting narrower and narrower.
adding demand disruption global higher oil premium prices pushed risks serious supply
Global demand has pushed oil prices to a new higher platform, and risks of serious supply disruption (Iran, Nigeria) are adding a premium to prices.
alike both investors price profits succumbed temptation traders variety
Traders and investors alike both succumbed to the temptation to take profits in a variety of commodities that have made big price gains.
demand high oil overall prices scheme supply vulnerable worries
There are worries about demand going forward, but in the overall scheme of things, oil prices are still exceptionally high and are still vulnerable to supply hitches.
available cleaner delayed fuels impact last lowest output season seen supplies work
We're at the lowest available output I've seen in maintenance season for some years. There's a cleaner fuels impact and then other work was delayed after last year's hurricanes when supplies were short.
disrupt peak supplies
We're just going into the peak season. Anything that is going to disrupt supplies is very unwelcome.
coming expect lost months period possible worst
We can expect two months of lost production, and coming in the peak-demand period this is the worst possible news.
avoid bush higher petroleum president prices releases strategic supply
The only way we can avoid yet higher prices is if President Bush releases supply from the Strategic Petroleum Reserve.