Quotes from the news wire:
The biggest impact on gasoline prices is reduced consumption and also the fears of recession around the world.
Found on CNN 2 years ago
That means the fears of recession are that much greater in other countries.
Found on CNN 2 years ago
Providing rebates cards to Americans eases the pain at the pump but does nothing to increase gasoline supplies, which would have a far greater impact.
Found on CNN 2 years ago
It's a band-aid -- one that isn't going to last very long and when it comes off the injury is not healing.
Found on CNN 2 years ago
It's hard to get to $ 6, before we get there, we would have significant demand destruction, not only here, but around the world.
Found on CNN 2 years ago
Russia is following the Venezuelan and Iranian playbook, with a slight twist.
Found on CNN 2 years ago
This has been going on for 40 years, prices do dip, it just seems to take a long time. You can't deny the data that is out there.
Found on CNN 2 years ago
Don't get me wrong. There would be some lag, what if I was the guy who just bought my tanker load yesterday and the next two days crude oil dropped ?
Found on CNN 2 years ago
The UAE is essentially saying to Saudi Arabia and Kuwait,' Let's use our spare capacity so that Europeans no longer have to rely on Russia,' this is a 180-degree turnaround.
Found on CNN 2 years ago
This is a nice, high price for VLSFO. We'll reach some new equilibrium.
Found on Reuters 5 years ago
The market is trying to assess whether we'll see a supply disruption, if any, iran has already seen their exports cut to minimal volumes; they have little to lose in the way of crude oil exports.
Found on Reuters 5 years ago
The industry is concerned about these different types of very low-sulfur fuel oil concoctions, that when blended meet specifications, but when mixed together may all of a sudden be off specification.
Found on Reuters 5 years ago
Given continued U.S. production growth and new production in Norway and Brazil, the market feels oversupplied, even though Saudi oil production has been impacted over the past 10 days.
Found on Reuters 5 years ago
Every day the facility is shut down, the world loses another 5 million barrels of oil production, the world's spare capacity is not 5 million barrels per day.
Found on Reuters 5 years ago
Chinese buyers will (now) be looking to purchase Brent and Dubai-based crude oil and I would expect that to result in a widening of the Brent-to-WTI spread, in essence what you've done is created new demand for Brent-based crude oil at the expense of U.S.-origin crude.
Found on Reuters 5 years ago
It's going to take the market far longer to come back into balance, which has forced OPEC and non-OPEC producers to continue with their production cuts.
Found on Reuters 5 years ago
The IEA report is tempering any price rise that we might see from Tropical Storm Barry because the market continues to stumble under the weight of slowing economic growth.
Found on Reuters 5 years ago
The crude oil market is being supported by the Gulf of Mexico production shut-in. ... It is going to look to see if Tropical Storm Barry becomes a major flooding event that impacts the refining sector in Louisiana and impacts gas and diesel.
Found on Reuters 5 years ago
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