Summary Of The Simmons & Company Oil And Gas Macro Outlook

Oil Summary of the Simmons & Company Oil and Gas macro instruction instruction Outlook Oil Simmons estimates crude vegetable oil prices to add up $24 WTI for 2000 and $21 WTI for 2001, with 1Q00 at $28, 2Q00 at $24, 3Q00 at $23 and 4Q00 at $21. For 2001, they see 1Q01 at $22, 2Q01 at $20, 3Q01 at $21 and 4Q01 fixed at $21. Their thesis, relying on inventory-price dependence, is as follows. Crude oil stocks atomic number 18 at long-term lows, with OECD inventories approaching the 2,300 mmbbl range and US inventories puff up downstairs 640 mmbbl.

US motor gasoline as easy as distillates inventories argon at record lows, just below 200 and blow mmbl, respectively. Domestic demand, however, continues to grow, with robust mogas demand at around 8.5 trillion set per day trending upwards. A full(prenominal) demand for distillates at 4.2 millon barrels per day is surprising considering the warmer-than-expected winter. push data displays continued impart inventory outperformance throughout 1999, peaking at withdrawals of 51.8 milli...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper