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Tony Nunan

Quote count:: 81
Times favorited:: 0

All quotes by Tony Nunan

(81 quotes found)

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“It's no secret that refineries are the problem. There wouldn't be a problem if there was any slack in the system.”

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“Demand is so high and capacity is so low, we can go from comfortable to uncomfortable inventories within a month.”

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“This market is ready to blow. [Petrol] and geopolitical risks are driving the market and they both do not have easy solutions.”

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“There is a high probability of further disruptions in Nigeria as we haven't seen the end of the attacks. The big problem is that going into the driving season, Nigerian refined crude is important for the US market, and if there are further disruptions, we are going to get a pop in crude prices.”

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“Last time, the market could handle uncertainty as there was a lot of slack but now because prices are so high, the market is not equipped to handle unplanned events.”

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“There is a high probability of further disruptions in Nigeria as we haven't seen the end of the attacks.”

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“It's just profit-taking, the market needed to correct.”

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“Iran's nuclear plans will continue to pose a threat. It may shun foreign investment in its oil facilities.”

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“The market is highly sensitized to headlines that could affect supply. Anxiety over supplies and possible disruptions are the key drivers of price now. It's hard to be bearish in a market like this. Levels came off the record high mainly due to profit-taking because prices went up too quickly. But $65-$70 seems a very distinct possibility as we approach winter.”

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“The scary thing is that the hurricane season is not over yet... so I don't see prices coming down.”

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