The possibility of a warmer than expected summer, along with a spike in crude oil prices and a freak heat wave in Texas that led to a surge in demand for natural gas all helped boost natural gas futures prices to well above $8 this week. Prices look to stay there in the near term, despite the record inventories. - Rakesh Shankar Quotes
The possibility of a warmer than expected summer, along with a spike in crude oil prices and a freak heat wave in Texas that led to a surge in demand for natural gas all helped boost natural gas futures prices to well above $8 this week. Prices look to stay there in the near term, despite the record inventories. Rakesh Shankar
 

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.

Rakesh Shankar

 
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.

Rakesh Shankar

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

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

Rakesh Shankar

 
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.

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 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.

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 Quotes

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

 
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.

Rakesh Shankar

 
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.

Rakesh Shankar

 
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.

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 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.

Rakesh Shankar

 
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