Quotes from the news wire:
Targeting the insurance side of things is the best shot at halting Russian crude flows instead of just redirecting them.
Found on CNN 1 year ago
Fast forward three months after the start of the war, and Russian crude exports are still continuing apace, they're just being rerouted and finding new homes.
Found on CNN 1 year ago
It's a case of just trying to keep the lights on, this is essentially creating demand that typically isn't there.
Found on CNN 2 years ago
Dissent in the ranks highlights how fractious relations are within the group, uAE is looking after its own interests, rather than toeing the line of core OPEC.
Found on CNN 2 years ago
OPEC + would be prudent to tap into its vast spare capacity and bring stability to the oil market.
Found on CNN 2 years ago
Matt Smith shale producers are continuing to show discipline in terms of their spending and drilling activity, something we haven't seen previously.
Found on CNN 2 years ago
With the Qataris adding more capacity at a very cheap cost, it does not make financial sense for U.S. companies to be building greenfield projects.
Found on Reuters 2 years ago
A significant drop in implied demand over the holiday week has resulted in solid builds to both gasoline and distillate inventories, tilting the report bearish on the whole.
Found on Reuters 3 years ago
We will be rapidly seeking expressions of interest and expect to identify one or more buyers to ensure the future success of the businesses.
Found on Reuters 3 years ago
This is simply related to terminal congestion. They've got so much coming in that they can't bring it onshore quickly enough.
Found on CNN 3 years ago
China went on a global buying binge, there is just this deluge of crude building up offshore.
Found on CNN 3 years ago
This will stabilize things a bit. It will slow the bloodletting, but it's absolutely not enough to rebalance the market.
Found on CNN 4 years ago
These guys were already in pain. Now we are going to start to see bankruptcies, perhaps widespread.
Found on CNN 4 years ago
This is a response to try to cripple the Matt Smith shale industry.
Found on CNN 4 years ago
The signal is Saudi Arabia is looking to open the spigots and fight for market share, saudi is rolling up its sleeves for a price war.
Found on CNN 4 years ago
A triumvirate of bearish builds in the weekly EIA reports is adding momentum to crude's overnight price reversal as fears of escalating tension are unwound.
Found on Reuters 4 years ago
It comes as no surprise that there has been a reprisal from Iran — the concern is that this is just the sign of things to come.
Found on CNN 4 years ago
This is a knee-jerk reaction given that Bolton has been so adversarial with Iran, with his removal, there is an expectation there won't be as much vehemence in the tit-for-tat with Iran.
Found on CNN 4 years ago
There are signs of demand slowing. The economic backdrop is still kind of weak.
Found on CNN 4 years ago
Any bearish news like this is helping to spur on a strong sell off.
Found on CNN 4 years ago
It's surprising Donald Trump hasn't tweeted anything yet. Everyone is waiting for that.
Found on CNN 5 years ago
Saudi Arabia-led OPEC is going to be very wary about unwinding these production cuts too soon.
Found on CNN 5 years ago
The positive sentiment from OPEC's cuts is outweighing the bearish impact of the Matt Smith shale boom, they are working.
Found on CNN 5 years ago
United States will be hurting United States if United States does put these sanctions on Venezuela.
Found on CNN 5 years ago
In times of crises, all assets correlate, crude has gotten caught up in the flight from equities.
Found on CNN 5 years ago
If you are a producer in Texas, you have to be happy with the fact that there is a swing supplier in the market that wants to keep prices supported.
Found on CNN 5 years ago
China has been able to find willing sellers closer to its own backyard.
Found on CNN 5 years ago
After hitting that $80 level, which is a psychological level, we were seeing a little bit of a pull-back yesterday, and then rhetoric out of Saudi and Russia has only exacerbated the sell-off today.
Found on Reuters 5 years ago
Claire Foy is one of my best friends, and I believe that we should be paid equally and fairly and there should be equality for all, i support Claire Foy completely, and I'm pleased that it was resolved and they made amends for it because that what's needed to happen.
Found on CNN 6 years ago
I feel sorry for her, it’s such a transition in her life, and it’s such a huge thing to take on. Life as she knows it is gone. But hey, she’s marrying the prince of Britain — how exciting for her.
Found on FOX News 6 years ago
A drop in refinery utilization in combination with super-strong imports helped to stymie the draw to crude.
Found on Reuters 7 years ago
The fundamental weakness in gasoline markets is being exemplified by the RBOB crack spread, which is closing in on levels which would encourage refiners to dial back on runs.
Found on Reuters 7 years ago
Exports for the three nations are averaging more than 2.3 million barrels per day higher through May year-to-date compared to the same period last year.
Found on Reuters 7 years ago
Bullish momentum from a technical perspective, in cahoots with dovish Fed rhetoric, has this market on fire again despite the crude inventories we're seeing.
Found on Reuters 8 years ago
A drop in refinery utilization helped to offset lower imports, leading to a solid build to crude inventories, despite lower refinery runs, gasoline stocks still showed a build, with throughput edging lower on the prior week.
Found on Reuters 8 years ago
Distillates are the standout bullish element of the report and gasoline is the disappointment, distillate throughput jumped last week, meaning demand is only down 0.7 percent on the 4-week moving average.
Found on Reuters 8 years ago
Gasoline is the star of the show today, ongoing strength in demand has yielded a large draw to gasoline inventories despite a rebound in refinery runs.
Found on Reuters 8 years ago
Geopolitical tension presents the greatest upside risk to the crude market, at least through the first half of the year.
Found on Reuters 8 years ago
It's a well-supplied market when refinery utilization rebounds by 2.5 percent, and we still see a solid build in crude inventories.
Found on Reuters 8 years ago
We're seeing ships idling off the coast of China, Singapore, (the) Arab Gulf, and now the U.S. Gulf. It appears that the glut of supply in the global market is only getting worse.
Found on Reuters 8 years ago
The products draw is providing a bullish tilt to the market.
Found on Reuters 8 years ago
The product draws provide a bullish tilt, especially given the rebound in refinery utilization, but it's a bearish sucker punch of a build from crude stocks.
Found on Reuters 8 years ago
Economic weakness has set the tone, but the gasoline crack spread is also unraveling.
Found on Reuters 8 years ago
The Greece debt debate is clobbering the euro, kiboshing a rally in crude, rumblings of an impending rise in Saudi production is also providing a downbeat end to the week.
Found on Reuters 8 years ago
These men expressed contrition for what they said was a mistake, but meanwhile extremists like Wirathu have incited violence in the name of Buddhism and publicly attacked a senior U.N. official with truly offensive remarks.
Found on Reuters 9 years ago
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