Victor Shum
Victor Shum
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.
inevitably last prices week
Because the surge in prices last week was so strong, inevitably there is profit-taking.
drama iran nigeria oil prices sending
The geopolitical drama over Iran and Nigeria is sending oil prices upwards.
affect embargo iran lead occur oil prices raise respond revenue sanctions spike whether
Iran individually can't raise prices ... whether Iran will respond to sanctions with an oil embargo may lead to a spike in prices. But I don't think it will occur because it will affect oil revenue to Iran.
besides demand driven emotional iranian momentum prices supply
Besides the fundamental supply and demand information, prices are driven by the emotional momentum of the Iranian issue.
drive looks perfect prices storm
It looks like the perfect storm to drive prices up.
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.
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.