Deborah White
Deborah White
facilities moment offshore oil patch production takes track
The storm's track at the moment takes it through a different patch of the offshore oil production facilities to Katrina,
absolute changes concern extremely high seems united united-states
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.
barrels crude expected losses major next output predicted production reality refined total
The IEA have only predicted losses in refined crude production for September, and the reality is that 4 major US refineries with a total output of 900,000 barrels are still down, and they are expected to be for the next 2-3 months.
china countries demand gasoline playing report
The IEA report is very neutral. It is playing up the demand slowdown in China and 8 out of 9 OECD countries and down-playing the gasoline situation.
barrel dollars per prepared seem
At 70 dollars per barrel governments seem prepared to act.
release remains seen strong thrown water whether
The IEA release has thrown some water on prices. But what remains to be seen is how strong the fundamentals are and whether there will be any more hurricanes.
comments event sort though war
Even though most of the comments say it's an accident, this is the sort of event you see more during war time.
armed attacking explains facilities headlines lose men nigerian supplies unusual
It is not unusual to lose Nigerian supplies but headlines of armed men attacking facilities explains this little rally.
kept scary
It was scary but we had each other so we kept our sense of humor,
dare people price
People dare not price in the surpluses they see.
era price soon warning
It was a warning that it is too soon to think we are in the era of a price meltdown.
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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.
capacity hard last practical pushing runners running since
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.
china factor oil seeing stress
If we are seeing China back to growth, that is another stress factor back in the oil market.