Sam Tilley
Sam Tilley
chance disaster high increasing meet possibly pressure produce products putting rest time worst
This disaster has come at possibly the worst time with US refineries already working flat-out to produce products to meet high demand, putting more pressure on the rest of the refineries and increasing their chance of breakdown.
gasoline huge percent replaced saying
Governments are saying that 5 percent of gasoline must be replaced by ethanol, which is a huge amount. Where is it going to come from?
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Sugar is going ballistic because of the oil price. As oil prices go higher and higher, the only real alternative at present to gasoline is ethanol.
claims closer council despite iran issue lead moves oil otherwise possible referring security step un
Referring the issue to the UN Security Council moves Iran a step closer to possible sanctions, which despite Iran's claims otherwise could lead to Iran halting its oil exports.
concern fall gasoline might oil slow stocks
There's some nervousness about the hurricane, that it might slow imports, and concern that gasoline and heating oil stocks might fall more than expected.
oil sugar
Sugar is going ballistic because of the oil price.
colder expected start talked talking warmer weather woods
At the start of the winter, they talked about a colder than expected winter. Now they're talking about a warmer than expected one. We're not out of the woods with the weather yet.
barrels crude expected fallen million stocks week
Crude stocks are expected to have fallen by 600,000 barrels over the week while distillate stocks are expected to be up by 1.7 million barrels.
clearer crude damage data domestic focused government hurricane inventory katrina market obtain picture product today
Today the market will be focused on the US government inventory data to obtain a clearer picture of the damage done by Hurricane Katrina to domestic crude and product stockpiles.
crude fall falling focus general oil signs surplus switched traders
traders switched focus from a fall in crude inventories to a general surplus of oil and signs of falling demand.
expect facilities few gasoline hurricane massive months next oil prices product season starting strong supported though time
With a massive shortfall in gasoline a strong possibility in the next few months and the hurricane season still active, we at least expect product prices to be supported for the time being even though oil and gas facilities are starting up again.
august avoid barrels expected fallen focus gasoline inventory meet million stocks struggle today week
Today focus will be on the US inventory data, with gasoline stocks expected to have fallen by 1.9 million barrels in the week to August 5 as refineries struggle to avoid breakdowns and meet demand,