Victor Shum
Victor Shum
disruption keeping supply threat traders
The threat to supply disruption is keeping traders edgy.
concerns due price rise
A lot of the price rise is due to geopolitical concerns fuelling speculative interest.
disrupted drama iran nigeria oil prices sending short
The geopolitical drama over Iran and Nigeria is sending oil prices upwards. But Nigeria is more problematic in the short term, because it has actually disrupted supply.
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.
few generally inventory market past report
In the past few weeks, right before the announcement of the inventory report the market generally comes down.
turn
If it's cold, you need to turn on the heating. It's not like gasoline, which you can conserve.
iranian market reacting regarding rhetoric
The market is reacting to some rhetoric regarding the Iranian situation.
friday gained kicking oil path people sold storm strength themselves toward
But then the storm reloaded over the weekend, gained strength and set on a path toward the oil facilities, ... The people who sold on Friday are probably kicking themselves now.
less portion power types
If you have a portion of your power requirement generated by nuclear, there is less of a need for other types of fuel.
louisiana process shut
Louisiana refineries can process that, but they are shut down.
asian concern iran iranian itself market reliable remains situation whether work
A lot of uncertainty remains in how the Iranian situation will work itself out. There is some concern in the Asian market on whether Iran is a reliable supplier.
inevitably last prices week
Because the surge in prices last week was so strong, inevitably there is profit-taking.
department energy reacting
It's reacting to the US energy department report.
china consumers energy forces fuel high oil pain subsidize
It forces the oil refineries to subsidize fuel so consumers in China don't feel much of the pain of high energy prices.