FastSaying
You have all the elements to push the price up: high demand, tight supplies, tight refining capacity, interruptions in supplies, geopolitical tensions, Iran, Nigeria, etc.. The upside is bigger than the downside, so the money is piling in.
Roger Diwan
Capacity
Demand
Elements
High
Interruptions
Price
Push
Refining
Supplies
Tight
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The drop is mostly from refining capacity comeback and, to a lesser degree, lower demand.
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Restarting a refinery is a very delicate operation. These things can blow up. They are complicated, old and cranky.
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