Hints and tips:
...They have no interest in it,” says Ed Morse, global head of commodities research at Citigroup. His research team suggested in a note that so-called macro investors were becoming a “commodities whale”....
...“As a result of these pops in takeaway capacity, the US is now the fastest-growing incremental exporting country in the world,” says Ed Morse, global head of commodities research at Citigroup....
...“We now have ripple effects that are significantly deeper and potentially more disruptive for the energy system than had previously been the case,” says Ed Morse, global head of commodities research at Citigroup...
...“There is absolutely no doubt that markets are at a turning point,” Ed Morse, Citi’s head of commodities research, says in a video presenting an annual commodities outlook....
...Chatter about the Opec Bulletin commentary was “a gross misrepresentation of the Bulletin’s editorial which was wistful about such a dialogue” among producers, wrote Citi’s Ed Morse, a longtime Opec watcher...
...decline [in oil prices] not only reflects concerns about demand growth, but also inventory builds in the US . . . as well as the increase in US shale oil rig utilisation across all the shale plays,” said Ed Morse...
...“Every step towards export liberalisation is another bearish factor in the global oil market,” says Ed Morse, head of commodities research at Citigroup....
...According to Mr Morse, this situation is “truly unique to the United States” and makes oil and gas exploration more efficient....
...As rising crude volumes reach the coasts, “pressure should build and will trigger policy debates about whether to expand the list of allowable countries beyond Canada”, said Ed Morse, head of commodities...
...“The problem is that the volume going though Seaway is not adequate to relieve the significant pressure in Cushing,” said Ed Morse, head of commodities research at Citigroup....
...“The US is really four markets when it comes to products,” says Ed Morse, head of commodities research at Citigroup and a former US oil official....
...“Either it’s a temporary shortfall or the world’s in deep trouble,” Mr Morse says....
...Ed Morse, head of commodities research at Citi, said commercial crude inventories have continued to grow in the broader Midwest region that contains Cushing, potentially keeping pressure on the WTI contract...
...Morse, who in 2009 was among the first to predict the collapse in the WTI-Brent price relationship, said that WTI prices could drop so much relative to other benchmarks that some US oil producers shut down...
...Mr Morse believes oil production heading into Cushing will increase this year by 300,000b/d, more than the 260,000b/d average annual increase of 2008-10....
...“The rally is legitimate,” said Edward Morse, head of commodity research at Credit Suisse in New York....
...It’s possible to carry a big stick whilst also professing positive feelings, but governments and companies need to be realistic, according to Kenneth Morse, a member of the National Advisory Council on Innovation...
...Additional reporting by Gregory Meyer in New York...
...The answer is no,” said Edward Morse, head of commodities research at Credit Suisse....
...“There’s nothing from the fundamentals that necessarily warrants this surge in crude oil prices we’ve seen over the last couple of weeks,” said Edward Morse, head of commodities research at Credit Suisse...
...Edward Morse, head of commodity research at Credit Suisse in New York, said it is more likely that Brent spreads reflected global market conditions than WTI, “because there are so many times in periods since...
...Edward Morse, head of commodities research at Credit Suisse in New York, says that, while the global economic outlook has become more uncertain, he believes that the markets are putting too much emphasis...
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