Tetsu Emori
Tetsu Emori
gulf looking mexico rita
Everyone's just looking at Rita. It's more psychological right now. But if Rita comes to the Gulf of Mexico and disrupts supply, then we have a problem.
inventory iranian issue looking traders
Most of the traders are looking at the Iranian issue over the bearish inventory report.
figure oil people report watching
We need confirmation of heating oil demand. People will be watching that figure when the report is published.
beginning changed since situation
The situation has completely changed since the beginning of October.
oil people profit sharp supply taking
The supply of oil is still ongoing; most people feel there won't be a disruption, so they're taking profit now, especially after Friday's sharp increase.
good gulf input production risen selling
Production in the Gulf has risen dramatically and refinery input has also risen, these are good selling factors.
level people position prices sustained thinking time
People don't like to take any position before Christmas. Most people are thinking prices will be sustained at this level for the time being.
adequate cold seem
Temperatures in the U.S. are not as cold as we expected. Stockpiles seem adequate for the moment.
crisis inventory nigerian remains serious waiting
After some profit-taking, we are now waiting for the inventory data. But the Nigerian crisis remains a serious issue.
increase last market oil people profits seeing sharp taking
The oil market is now down because most people are taking profits after seeing a sharp increase last week.
against cover crude expected gas good provided release shortage stocks
The release of crude and gas stocks from the IEA provided a good cover against the shortage expected after the hurricanes,
add august economic growth hurricane oil peak season
Oil may peak during the hurricane season in August or September. Economic growth will add to tightness in supply.
carry crude factors high hold inventory levels main prices trend until weather
The weather and the high crude inventory levels are the main factors weighing down prices. This trend should carry on until the end of the year, with prices to hold between $55-$58.
against compared drives gasoline last limited period problem production quite situation
The production of gasoline in the U.S. is quite limited compared against the same period last year. And the refinery bottleneck situation is still a problem that drives the market.