Refiners don't want to get caught out in the next six months, with the hurricane season, Iran, etcetera. Where you'd normally expect at these high prices refiners trying to cut down on stocks, I think they're saying there's big money to be made if you've still got inventory when the hurricanes hit.
More Quotes from David Thurtell:
The lingering political risks to supply mean we're not going to drive prices down too far or too fast. They haven't gone away but had slipped onto the back-burner either side of the U.S. supply report in the middle of the week.David Thurtell
Iran has separated the nuclear issue from the oil-export issue and seems to have ruled out retaliatory action. That may change, but what they're saying now should be having some soothing impact on the market.
David Thurtell
In my view, prices had probably gone down too far, especially with peak demand winter season looming.
David Thurtell
The Iranians shouldn't be underestimated. If they were to cut supply in protest, there's really not enough capacity to absorb the loss of their exports.
David Thurtell
Iran will take the nuclear situation to the wire, making the market nervous. It will wax and wane diplomatically and they'll extract a price before agreeing to any deal with the west.
David Thurtell
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Based on Keywords: etceteraI cannot tell you what it means when children recognize. This is about the third generation for me. And when kids that small recognize me, it really pleases me, very gratifying.
Dick Van Dyke
All these boundaries - Africa, Asia, Malaysia, America - are set by men. But you don't have to look at boundaries when you are looking at a man - at the character of a man. The question is: What do you stand for? Are you a follower, or are you a leader?
Hakeem Olajuwon
However, leaving everything to the market is not necessarily good for society.
Dorothy Denning