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.
More Quotes from Deborah White:
The IEA report is very neutral. It is playing up the demand slowdown in China and 8 out of 9 OECD countries and down-playing the gasoline situation.Deborah White
It's true that in the short term people find it difficult to change. What happens in the long run is that the transport and industry tends to be efficient, and conservation will occur.
Deborah White
It is not unusual to lose Nigerian supplies but headlines of armed men attacking facilities explains this little rally.
Deborah White
The knee jerk reaction to this sort of headline is to think of the Middle East as a powder keg.
Deborah White
The United States doesn't have to worry about gasoline lines. But consumers need to worry about the price they pay this week. They should be prepared for a short-term shock. Only time can fix that.
Deborah White
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