David Thurtell
David Thurtell
bring few imports levels seen stock year
A few more refineries going on scheduled maintenance and a tapering off on imports will bring stock levels back to that seen about a year ago.
asian gulf hurricane relief seems staying today trade
There was more relief in Asian trade today that Hurricane Wilma seems to be staying out of the way of Gulf facilities.
continued flows fund
There were continued fund flows into commodities overnight, as end-quarter window-dressing occurs.
bit dollar giving gold
There's a little bit of dollar weakness, and that's giving gold a lift.
asian below bit buying demand ease goes hurricane likely november oil runs season though woods
Oil could ease back a bit today, though the hurricane season runs into November so we're not out of the woods yet. Asian demand is still pretty strong, so we're likely to see some buying if it goes much below $60.
brave chinese companies confirmed deal deals demand player refuses
Companies will still deal with the Chinese in the future. They are big players, and it's a brave player who refuses to deal with them. But companies and brokers may demand deals be confirmed all the way up the line.
coming disruption early large last odds raise repeat storms
Coming so early in the season, these storms raise the odds that there will be a repeat of last year's large disruption to H2 U.S. production.
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.
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.
further prevent price rises
(That's) the only thing that will prevent further significant price rises from here.
agreeing deal extract iran market nuclear price situation wax
Iran will take the nuclear situation to the wire, making the market nervous. It will wax and wane diplomatically and they'll extract a price before agreeing to any deal with the west.
demand gone peak prices season winter
In my view, prices had probably gone down too far, especially with peak demand winter season looming.
concern heading oil
Heating oil is a concern as we're heading into winter.
barrels capacity half line million missing next nigerians reality time
The Nigerians indicated capacity could be back on line next week. That's could, not will, and the reality is we could be missing those half million barrels for some time yet.