Crude supply is no longer an issue. We have plenty of it. However, that crude number is being countered to some extent by the large decline in gasoline stocks.
More Quotes from Jim Ritterbusch:
I think there is going to be a fairly precarious supply-demand balance. If we have a couple of refinery snags, there will be some product dislocations.Jim Ritterbusch
The big thing was that products stocks were up at expense of crude. The good news is we're building products supplies the bad news is crude supplies are back down toward historic low levels.
Jim Ritterbusch
That's pretty close to a capacity pace in imports. It looks like the Saudis are more than offsetting the Iraqi loss,
Jim Ritterbusch
The gasoline draw is a bullish number, without doubt. The decline was much bigger than the 1.1 million barrels draw the Street was anticipating,
Jim Ritterbusch
We're not seeing enough pickup in production or imports. This should be enough to support the whole energy complex through the balance of the week.
Jim Ritterbusch
By and large you had this myriad of refinery news which supported the products and pushed crude prices up.
Jim Ritterbusch
Readers Who Like This Quotation Also Like:
Based on Keywords: counteredI love women. I'm trying to do beautiful things with them. I'm not trying to insult them. My life is not about that.
Calvin Klein
People are dying who haven't had that opportunity to say yes to the Lord.
Michael Scott
A problem was the lack of cooperation of the Afghan community itself. The women, though living in Iran, were under cover and not willing to participate in the film, and none of the ethnic groups were willing to work together or be together.
Mohsen Makhmalbaf