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More - Rakesh Shankar Quotes

Refinery utilization still remains very weak, with refineries still lagging in their recovery from an aggressive March maintenance schedule. - Rakesh Shankar Quotes

Refinery utilization still remains very weak, with refineries still lagging in their recovery from an aggressive March maintenance schedule.

For nearly five straight weeks, the EIA stock report has now surprised the market with inventory numbers on the upside. As a result, prices for crude especially will revert to the lower numbers seen in December. - Rakesh Shankar Quotes

For nearly five straight weeks, the EIA stock report has now surprised the market with inventory numbers on the upside. As a result, prices for crude especially will revert to the lower numbers seen in December.

Crude inventories remain sturdy, despite today's unexpected drop. - Rakesh Shankar Quotes

Crude inventories remain sturdy, despite today's unexpected drop.

At this pace, all the pieces are in place for both total crude and gasoline prices to ease before the peak summer driving season sets in, as we expect. - Rakesh Shankar Quotes

At this pace, all the pieces are in place for both total crude and gasoline prices to ease before the peak summer driving season sets in, as we expect.

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 Quotes

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.

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 Quotes

There are some fears now in the natural-gas market of a return to colder than average weather for the next few weeks.

Inventories for this time of the year remain astoundingly above average. - Rakesh Shankar Quotes

Inventories for this time of the year remain astoundingly above average.

With production along the Gulf Coast slowly, but surely coming back on line, the outlook for inventories is positive. - Rakesh Shankar Quotes

With production along the Gulf Coast slowly, but surely coming back on line, the outlook for inventories is positive.

The drawdown in crude inventories came at a time when refinery utilization remained low due to scheduled maintenance shutdowns. - Rakesh Shankar Quotes

The drawdown in crude inventories came at a time when refinery utilization remained low due to scheduled maintenance shutdowns.

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 Quotes

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.

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