We're just going into the peak season. Anything that is going to disrupt supplies is very unwelcome.

In my view, prices had probably gone down too far, especially with peak demand winter season looming.

The Ecuador barrels missing from the market are another little unwelcome disruption to supply, and we're not even halfway through the Atlantic hurricane season.

We can expect two months of lost production, and coming in the peak-demand period this is the worst possible news.

I'll be on the convoys taking the supplies to the infantry,

The market was disappointed about the data but I think it's way too early to get uptight about stocks.