Deborah White
Deborah White
extremely half last policy
OPEC has been extremely accommodative in its policy in the last one and a half years.
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Maintenance seems to be extremely high and there are spec changes in the United States. It's not that there are absolute shortages of products, but there is a concern about how much there is going to be.
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The weather has become increasingly mild and the forecasts are for now much above normal, for example 17 (degrees Celsius) in Los Angeles -- this is extremely warm for the end of December.
barrel below extremely hesitant market nigerian
The market is extremely hesitant to go below USD60 a barrel and that is because of the Nigerian outages for the most part.
barrel below extremely hesitant market nigerian
The market is extremely hesitant to go below $60 a barrel and that is because of the Nigerian outages for the most part.
break clear
It is pretty clear that we can break $70 without too much problem.
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It is not unusual to lose Nigerian supplies but headlines of armed men attacking facilities explains this little rally.
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We had a much lower-than-expected build in natural gas supplies in the U.S. last week and this is also adding to general nervousness.
arabia crude economic oil prices reason strong
Other than the weather, and hurricanes, and refineries going down, and Saudi Arabia and Iran, and strong economic statistics, there really is no reason why crude oil prices should be so high. It must be speculation, don't you think?
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Refiners are exhausted, like runners in mid-marathon. They've been pushing very hard since last year. As a practical matter, these things have limits. If you push too hard, capacity drops.
across basket coming continue fund
We continue to see fund action. They are coming in across the basket of commodities.
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The approaching hurricane season reminds us of the utter devastation that Hurricane Ivan caused when it hit the Louisiana coast last year.
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We have been getting a massive injection (of investment fund money) in the energy markets. It is very clear from the price action that they haven't stopped.
barrel cap coming equivalent highest order question sights terms
The question is where to set our sights next. The only cap I see coming up is on the order of $85 a barrel -- something equivalent in real terms to the highest we saw.