Joseph Allman

It doesn't look like there will be any disruption in the near term. Iran relies on the money the oil read more

It doesn't look like there will be any disruption in the near term. Iran relies on the money the oil brings in so they wouldn't be able to cut supplies for long.

We still have a refining issue. Refineries in other parts of the country have been able to increase output but read more

We still have a refining issue. Refineries in other parts of the country have been able to increase output but they will have to go down later this year for maintenance. Refinery output will then fall below normal.

We have a surplus of natural gas in inventories.

We have a surplus of natural gas in inventories.

Of course it's benefited from commodity prices, but it's growing organically well above average. They have a good inventory of read more

Of course it's benefited from commodity prices, but it's growing organically well above average. They have a good inventory of projects to continue this above-average production growth.

Crude gained a lot last week and we are giving some of that back. The U.S. led a large attack read more

Crude gained a lot last week and we are giving some of that back. The U.S. led a large attack in Iraq last week, one that wasn't unprecedented, but the media got a hold of it and the market reacted.