Simon Wardell
Simon Wardell
disruption iran large nigeria offset producers short
In the short term, any kind of disruption from two very large producers like Iran and Nigeria isn't something that can be offset by other production.
initially might people plants product system
There might be a little more flexibility in the U.S. refining system than people expected. Plants have been able to churn out more product than initially thought.
discount markets nigerian operations price production
It could be that it shuts down all of Shell's onshore operations in Nigeria. The markets are going to discount Nigerian production in the price of oil.
concerns iran might moment prices primarily strong
Prices are strong at the moment primarily because of the tensions over Iran and concerns over what might come out from the IAEA inspection.
discount markets nigerian operations price production
The markets are going to discount Nigerian production in the price of oil. It could be that it shuts down all of Shell's onshore operations in Nigeria.
buffer capacity fairly form good happy lacking market production spare supplies
Supplies are ample and stockpiles are rising. We're still lacking spare production capacity but the market is fairly happy that there's a good buffer in place in the form of inventories.