Maintenance seems to be extremely high and there are spec changes in the United States. It's not that there are absolute shortages of products, but there is a concern about how much there is going to be.
OPEC has been extremely accommodative in its policy in the last one and a half years.
The weather has become increasingly mild and the forecasts are for now much above normal, for example 17 (degrees Celsius) in Los Angeles -- this is extremely warm for the end of December.
The market is extremely hesitant to go below $60 a barrel and that is because of the Nigerian outages for the most part.
The market is extremely hesitant to go below USD60 a barrel and that is because of the Nigerian outages for the most part.