Gerard Burg
Gerard Burg
bubbling resolve view
Then there's Nigeria, also bubbling along, and no short-term view that things there will resolve themselves.
extent flooding limited replace sort stocks
If there's significant damage, and flooding persists, then there's every possibility that these refineries could be out for that sort of time. There's a limited extent to which stocks can replace refining production.
barometer conditions copper fall market perceived prices remove support therefore
Copper is often perceived to be the barometer for market conditions and therefore a significant fall in copper prices could remove speculative support from other metals.
commonly fuel gas natural production
Natural gas production in the U.S is still not back up to 100 percent, and gas is the most commonly used heating fuel in the U.S,
demand europe likely oil rise
It is likely that we are going to see demand for heating oil rise in Europe as end-users look for alternatives to gas.
calling continues last
For the last two years everyone's been calling the peak, and everyone's been calling it down, but it just continues to go on.
continue dictate iron moves power pricing producers short supply surplus terms unlikely until
In terms of being able to dictate prices, iron ore producers will continue to have pricing power until supply moves into a surplus position, which is unlikely in the short term.
assets commodity expected funds increase pension recent returns
With commodity returns outperforming other assets in recent years, pension and hedge funds are expected to increase investments in commodity markets.
barrier easily extent full given next question weeks
We're now in wait-and-see mode. It could be weeks before we know the full extent (of damage), but given how easily $70 was reached, it's not out of the question that $80 could be the next barrier if there's long-term damage.
adds caused decline fears fresh greener likely market stock switch
With this week's stock announcement likely to show a fresh decline in gasoline, it adds to market fears caused by the switch to greener fuels.
capacity demand expect next squeeze strong
We've still got a capacity squeeze from that area. Demand has been very strong short-term and we expect it will be strong next year.