83 ordspråk av Tetsu Emori
Tetsu Emori
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Everyone's just looking at Rita. It's more psychological right now. But if Rita comes to the Gulf of Mexico and disrupts supply, then we have a problem.
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I believe the recovery of crude oil production in the Gulf area will take a long time, one month or even two.
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In that case, we'll be in the winter season already. If temperatures in winter time are lower than forecast, then that should be a big problem.
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Supplies of crude oil and oil products are less than normal, which will bring a much tighter market in winter.
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The situation has completely changed since the beginning of October.
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We're all watching the temperatures now, if they go down, there'll be a rush to buy. But most traders are just looking at the short term rather than the medium or long term.
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The pace of demand growth in China is something we are all watching, because it will have a greater effect on crude oil demand-supply balance at some stage.
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It's still very difficult to tell what the situation in winter will be, but as soon as colder weather comes along, prices would definitely go up,
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Production in the Gulf has risen dramatically and refinery input has also risen, these are good selling factors.
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The market is quite weak as the U.S. starts receiving materials from abroad. I'm looking for oil to fall to $62.
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Traders are looking at weaker demand, and that's the main reason why they are just sitting in the market right now.
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Traders need to understand that the supply-demand situation is much tighter in fact, especially since U.S. Gulf of Mexico operations are still mostly down. Demand is still strong, and can only rise in coming months.
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If winter is colder than expected then prices could rebound quite sharply.
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We need confirmation of heating oil demand. People will be watching that figure when the report is published.
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Even though heating oil inventories fell, the level they are at is not as low as we had expected. The market is just watching temperatures in the northeast of the U.S. for price direction.
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