After a relatively swift recovering following the devastating hurricanes late last year, refinery utilization moderated sharply since the beginning of this year, and is yet to meaningfully recover.
More Quotes from Rakesh Shankar:
Traders are now starting to worry more about demand destruction than about supply disruptions.Rakesh Shankar
This report marks a healthy start to the gasoline buildup for the summer driving season. A few more weeks of this kind of healthy build will help further assure the market that gasoline prices this summer will head south.
Rakesh Shankar
There are some fears now in the natural-gas market of a return to colder than average weather for the next few weeks.
Rakesh Shankar
We are entering spring with near-record levels of inventory. A recent cold spell notwithstanding, few people now care about surprises in this release, seeing as how total inventories are nearly 70 above average.
Rakesh Shankar
Despite the moderation in refinery utilization by almost 1.2 last week, gasoline inventories rose a whopping 4.3 million barrels.
Rakesh Shankar
Inventories for this time of the year remain well above average, and in the upper end of the average range for this time of the year.
Rakesh Shankar
Readers Who Like This Quotation Also Like:
Based on Keywords: moderatedSometimes I lie awake at night and ask why me? Then a voice answers nothing personal, your name just happened to come up.
Charles M. Schulz
My only feeling about superstition is that it's unlucky to be behind at the end of the game.
Duffy Daugherty
While expanding market access for American industry, financial markets and farmers is critical, I believe it needs to be done responsibly, accounting for the treatment and protection of workers and the environment.
Mark Udall