Tetsu Emori
Tetsu Emori
ahead buy chance good people time waiting
People are just waiting for a chance to buy ahead of Christmas. At the US$58 level, it's a good time to buy back.
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.
lower season time winter
In that case, we'll be in the winter season already. If temperatures in winter time are lower than forecast, then that should be a big problem.
arabia attack calmed last market reason successful terrorists traders
Last week, there was an attack by terrorists in Saudi Arabia and that's why the market jumped, but the Saudi authorities were successful in foiling the attack so this calmed the market a bit, prompting traders to have a reason to sell.
bring crude less market oil products supplies
Supplies of crude oil and oil products are less than normal, which will bring a much tighter market in winter.
conversion ethanol limited problem proving supplies
The conversion is proving to be difficult. The U.S. has a problem with ethanol supplies because they are limited right now.
coming demand gulf mexico mostly operations rise since situation traders understand
Traders need to understand that the supply-demand situation is much tighter in fact, especially since U.S. Gulf of Mexico operations are still mostly down. Demand is still strong, and can only rise in coming months.
appears concerned iranian situation traders
Traders are most concerned about the Iranian issue, as the situation appears to be getting worse.
looking main market reason sitting traders weaker
Traders are looking at weaker demand, and that's the main reason why they are just sitting in the market right now.
iranian looking nigerian sell traders
Traders are looking at the Nigerian and Iranian issues. They don't like to sell at present.
colder expected prices quite rebound winter
If winter is colder than expected then prices could rebound quite sharply.
balance china crude demand effect greater growth oil pace
The pace of demand growth in China is something we are all watching, because it will have a greater effect on crude oil demand-supply balance at some stage.
area believe crude gulf month oil production recovery
I believe the recovery of crude oil production in the Gulf area will take a long time, one month or even two.
cold fall prices quite rapidly unless
(U.S. data) showed quite bearish numbers. Prices may fall rapidly to $56 unless we have cold weather.