Quotes from the news wire:
Next year we would see demand back around 1.2 million bpd, marginally IMO-driven, and partially as a base effect of low demand growth in 2018 and 2019.
Found on Reuters 5 years ago
We are of course also tracking the Fed fund rates, treasury rates, commodity indices, PMIs, etc, all of which support our concerns on demand.
Found on Reuters 5 years ago
There is simply no strong engine for growth in the market. Large economies are constrained by geopolitical uncertainty (Trade War/Brexit), while emerging/developing economies are dealing with this and relatively high prices, we are of course also tracking the Fed fund rates, treasury rates, commodity indices, PMIs, etc, all of which support our concerns on demand.
Found on Reuters 5 years ago
The U.S. crude market seems to have passed the worst point and crude runs should start creeping higher, taking pressure off inventory levels, the latest EIA data on U.S. production is also supportive as it indicates that the low prices are finally having an impact.
Found on Reuters 8 years ago
The latest EIA data on U.S. production is also supportive as it indicates that the low prices are finally having an impact.
Found on Reuters 8 years ago
The next quarter is going to be particularly tough as we go from a high-demand to a low-demand quarter, can you rule out $20 per barrel? No, you can't.
Found on Reuters 9 years ago
The next quarter is going to be particularly tough as we go from a high-demand to a low-demand quarter, can you rule out $20 per barrel? No, you can’t.
Found on Reuters 9 years ago
A lot of producers are trying to maintain positive cash-flows and that means maximising output, and Iranian barrels are also coming back to the market.
Found on Reuters 9 years ago
In the longer-term, it's not really a question of oversupply. Oil is still a scarce resource, outside the U.S., we haven't seen supply rising by much, so in the longer term the Iranian oil will actually be needed to keep the market balanced.
Found on Reuters 9 years ago
Gasoil demand is relatively healthy but clearly the weaker margins are reflecting an oversupply of product (especially gasoil) which has been exasperated by the start-up of the big refineries in the Middle East.
Found on Reuters 9 years ago
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