Kevin Norrish
Kevin Norrish
behind changes easy inventory strong sucked weekly
It's easy to get sucked into weekly changes in inventory level, but behind that, we still have very strong demand.
crack current cut front gasoline message month sending strong weakness
The current weakness in the front month gasoline crack spreads is unprecedented and is sending a strong message to refiners about the need to sharply cut production.
crack current cut front message month petrol sending strong weakness
The current weakness in front month petrol crack spreads is unprecedented and is sending a very strong message to refiners about the need to sharply cut production.
appears attention both buying catalyst cold drawing forecast fuel higher interest likelihood markets move release sides weather winter
The catalyst for the move higher appears to have been the release of a weather forecast drawing attention to the likelihood of another cold winter, prompting a surge of buying interest in winter fuel markets on both sides of the Atlantic.
dramatic explosive increase oil prices rise seen spread
It's because we've had such an explosive rise in heating oil prices -- I don't think we've ever seen such a dramatic increase in the spread between heating oil and crude.
chinese demand exert further growth highly likely looks oil pressure slow supply
After such a slow 2005 for Chinese oil demand an acceleration in growth looks highly likely in 2006 and this will exert further pressure on oil supply and prices.
both demand erosion massive mild moving sides time weather
It's moving up and down. We've got an erosion of the idea that there has been massive demand destruction while ... at the same time you have got some pretty mild weather on both sides of the Atlantic.