Keiichi Sano
Keiichi Sano
barrel gasoline increase large million
The large 3.2 million barrel increase in (US) gasoline accelerated selling.
gaining looks rare strength
Brent looks bullish, gaining strength from Nigeria's unrest. It is very rare to see spreads between WTI and Brent flattening.
consumed current demand gasoline high remains strong
The current high inventories will be consumed during the maintenance. Gasoline demand remains strong in the U.S..
gasoline high lowest natural oil price prices situation year
Now is the lowest oil price this year when we look at the fundamentals. High inventories of gasoline and natural gas are weighing on oil prices now, but this situation won't persist.
china continue country demand fuel further heavy increase needed needs oil power rises support trucks
Demand from China will continue to increase and support further rises in oil prices. The country needs more heavy fuel oil for power plants, and fuel for trucks is needed too.