David Thurtell
David Thurtell
council eyes happens next outcome report security waiting
All eyes are still waiting to see what happens with Iran, and what the outcome will be when the IAEA makes its report to the U.N. Security Council next month.
couple cut next prices range stay weak
I think we'll stay in a $58 to $66 range for the next couple of months. If prices get too weak OPEC, will just cut back.
few gulf next prices production unlikely
Gulf production is really struggling. It's very unlikely that prices are going to come significantly under $60 in the next few months.
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.
iranians taking
The Iranians are taking this right down to the wire.
calmed literally release reserves strategic weathered
Literally and figuratively, I think we've weathered the storm, as the release of strategic reserves has calmed the market.
attacks concerns deep nigerian people wondering
The Nigerian attacks have really sparked concerns about supply. People are wondering how deep is it going to go and how long will it go on for?
capacity crude missing refine seems suffering
It seems that crude is suffering because there's little capacity to refine crude. We are missing so much refining capacity now.
flows hard rest
It's not hard to imagine, you know, that there could be safe-haven flows for the rest of the week.
absorb capacity cut iranians loss supply
The Iranians shouldn't be underestimated. If they were to cut supply in protest, there's really not enough capacity to absorb the loss of their exports.
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.