Tony Nunan
Tony Nunan
affected question
That's the big question on everybody's mind, how much this (high prices) affected the demand.
above expect high inventory levels market prices stock unless warmer weighed
Even if there is a stock draw, unless it is substantially and unexpectedly high, I would not expect prices to go up above $60 as the near-term market is still heavily weighed down by high inventory levels and the warmer weather.
crude higher imports products situation tight turnaround warm
The short-term situation in the U.S. is not good. With the refinery turnaround season, products should be tight but crude imports are higher and there is warm weather.
capacity demand high within
Demand is so high and capacity is so low, we can go from comfortable to uncomfortable inventories within a month.
dropping iranian situation
The Iranian situation is kind of dropping into the background.
cautious market pauses
The market pauses here because everyone is very cautious about new data,
market overall picture
Overall big picture is the market is still strong,
gulf mexico output situation unclear
The situation is unclear because output is still down in the Gulf of Mexico and U.S. refineries are having problems.
market
The geopolitical tensions are still there, but the market is getting desensitized to it.
coming hurricane prices scary season
The scary thing is that the hurricane season is not over yet... so I don't see prices coming down.
problem secret slack
It's no secret that refineries are the problem. There wouldn't be a problem if there was any slack in the system.
damage extensive unknown
It is unknown how extensive the damage to the refineries is.
colder concerned crude middle northeast people seems though view
Though there seems to be a lot of crude around, the long-term view is bullish, ... The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.
colder concerned crude middle northeast people seems though view
Though there seems to be a lot of crude around, the long-term view is bullish. The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.