David Thurtell
David Thurtell
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.
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.
gone market oil paint scenario worst wrong
Everything's gone wrong in the oil market recently. If you wanted to paint the worst scenario picture, you couldn't do much better.
ahead below boost breathing demand forecasts giving normal oil percent reacting room supply
The market's reacting to forecasts that heating oil demand will be 20 percent below normal this week, giving refiners a little breathing room to boost supply ahead of winter.
along demand diesel economy firm healthy helped infer looks oil price remain safe
The US economy looks healthy and it's safe to infer that the demand for oil and diesel will remain pretty firm and that the price of oil should be helped along as well.
capacity close iranian issue market oil production until
Oil production is pretty close to capacity at the moment. The market is going to be very jittery until the Iranian issue is resolved.
attention demand oil pay peak people start
People will start to pay attention to peak demand looming, with heating oil a worry.
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.
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.
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.
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.