35 Quotes by Tony Nunan

It has a very high volatility and, short-term, there are plenty of inventories. However, the big concerns are Iran and Nigeria.

We have a two-sided market, which is fundamentally weak in the short-term due to inventories but in the long-term faces all this geopolitical risk.

Though there seems to be a lot of crude around, the long-term view is bullish. The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.

Though there seems to be a lot of crude around, the long-term view is bullish, ... The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.

Traders are now more concerned about the psychological impact of the hurricanes that has seriously caught American consumers, cutting back on consumption.

Even if there is a stock draw, unless it is substantially and unexpectedly high, I would not expect prices to go up above $60 as the near-term market is still heavily weighed down by high inventory levels and the warmer weather.

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

The situation is unclear because output is still down in the Gulf of Mexico and U.S. refineries are having problems.

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.