Victor Shum
Victor Shum
crude cut fears iranian market reacting supply
This reduces fears about an Iranian crude supply cut and the market is just reacting to that.
available capacity crude good
Even if there's available crude for release, if there's no refining capacity that they can use, what good is that?
crude demand fairly gas immediate impact likely natural oil pricing sign winter
Natural gas pricing is an immediate telltale sign of the winter situation: it is fairly mild, and this is likely to impact heating oil and crude demand as well.
crude drive events floor high market price pricing seeing short term though
Short term events like this which are unpredictable can drive a high price floor for crude prices. That is why we are seeing pricing in the high 50s even though the market is well supplied.
crude expect knows market nobody
Nobody knows what to expect next. That's why the crude market is apprehensive.
crude market meetings movement watch
There's not a whole lot of movement in the market today. I think the crude market will watch for the two meetings this week.
concerned continuing crude draw driving gasoline inventory late market peak season starts stock summer
Crude inventory went up and the market is concerned about the continuing gasoline stock draw in the US market and the peak summer driving season that starts in late May.
critical crude petroleum process product refined release reserve strategic supply sure
The release of crude out of the Strategic Petroleum Reserve is not as critical as making sure that there is enough refined product supply and that there are refineries to process the crude.
capacity crude louisiana oil process shut sour
The crude oil that is going to be supplied is the heavy, sour kind, and there is not much refining capacity for that. Louisiana refineries can process that, but they are shut down.
both crude market
The market is well supplied with both crude and products.
both crude fact focused iranian market products situation stays
The market is focused on the fact that the market is well supplied - both in products and in crude - while the Iranian situation stays in the background.
beyond overall pricing
Overall pricing is still high... but it's not going to surge to 70 or beyond just yet.
might oil options perhaps places
State-owned enterprises have perhaps more options than international oil companies. Without shareholders, they can go places that might not be politically acceptable.
commodity investors iranian issue market worry
Some of the commodity investors went back into the market with the Iranian issue still looming as a worry.