Kevin Blemkin
Kevin Blemkin
damage fourth katrina main necessary output point shortage situation storm view
The storm situation is of concern, obviously, from the point of view of the damage that Katrina has done. Going into the fourth quarter, refineries are going to be the main issue. There's no shortage of crude, so I don't think more output from OPEC is going to be necessary at this time.
fresh move news
On Friday, it was off to the races, but there has been no fresh news over the weekend. The move up was too much on Friday.
downside excited market people picture slow today
Refineries are going to be slow to recover. I'm not too excited about the downside for prices. We still have disruptions. We won't get a real picture of the market today because people are away in the U.S.
crude downside later looking pressure
It's going to see some more downside pressure later on this afternoon. Crude is looking at another build.
firm market remain until
There are still refinery issues. The market is going to remain firm in the medium-term until we see that the stockpiles are there.