Tony Nunan
Tony Nunan
market needed
It's just profit-taking, the market needed to correct.
barrels crude expects gasoline market million supplies
The market expects bearish inventories, with crude up by 1.5 million barrels, distillates down 1.7 million barrels and gasoline supplies unchanged.
draws gasoline market turn
If we get draws in gasoline inventories, that could turn the market around.
coast concerns france giving gulf increasing operations supply support
Increasing concerns over supply shortages in the U.S because of the outages at refineries in the Gulf Coast and disruptions to refinery operations in France are giving support to the market.
edge far game iran playing pulling pushing smart
Iran is playing a smart game of brinkmanship, they are pushing as far into the edge as they can take this and then pulling back.
arabia bring flow hopeless oil surplus
Only Saudi Arabia has surplus capacity, and if its oil flow should be disrupted, it could bring a hopeless situation.
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.
further high nigeria seen
There is a high probability of further disruptions in Nigeria as we haven't seen the end of the attacks.