Tony Nunan Quotes


The short-term situation in the U.S. is not good. With the refinery turnaround season, products should be tight but crude imports are higher and there is warm weather. - Tony Nunan


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


The products problems cannot be solved. One way to solve the products (supply) problem is imports from Europe or Asia. - Tony Nunan


The market was only expecting an increase [in crude stocks] in the range of two million barrels but crude has been rising for the past five weeks. - Tony Nunan


The market pauses here because everyone is very cautious about new data. - Tony Nunan


The market is not terribly bullish in the short term because crude inventories are still high. - Tony Nunan


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. - Tony Nunan


The market is a bit confused because the recent data showed a big build in gasoline inventory. But I think most people will realise that it'll probably be not until next week that we see real (inventory) numbers. - Tony Nunan


The market has gone up so much and so quickly. This is a technical correction. This is just profit-taking ahead of the weekly statistics. - Tony Nunan


The market has been sold off after the Hurricane headed for Florida instead of the Gulf Coast. So oil production is not affected. - Tony Nunan


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