Gordon Kwan
Gordon Kwan
crude gas help natural oil reserves strategic substitute support
There's not enough natural gas to substitute for heating oil. So this will help support crude oil prices. What we need is not (crude) oil but heating oil and natural gas. Unfortunately, there's no strategic reserves for them.
admirable electric forward general growth guidance oil operating production profit super
The forward production growth guidance of 5% is very admirable for a super oil major. Its operating profit surpasses General Electric and Microsoft.
fact forward looking means oil perhaps shut winter
Oil futures are looking forward to a much colder-than-expected winter. The fact that we have had so many refineries shut down means we are going into this winter on perhaps not enough heating oil.
fact forecast forward looking means oil perhaps shut winter
Oil futures are looking forward to a much colder-than-expected winter as forecast by many meteorologists. The fact that we have had so many refineries shut down means we are going into this winter on perhaps not enough heating oil.
colder continue expect gas natural next oil prices stay support weather
We expect a colder weather in the next two weeks, so heating oil prices and natural gas prices will continue to stay high, and that should support oil prices.