The refinery outages should lead to weak demand for crude oil from the refining sector. It's not crude oil that is in short supply, but gasoline and distillates. -Tobias Merath

 

The refinery outages should lead to weak demand for crude oil from the refining sector. It's not crude oil that is in short supply, but gasoline and distillates.


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This quote is just one of 9 total Tobias Merath quotes in our collection. Tobias Merath is known for saying 'The refinery outages should lead to weak demand for crude oil from the refining sector. It's not crude oil that is in short supply, but gasoline and distillates.' as well as some of the following quotes.

Crude oil inventories increased once more, improving oil availability further. Another important factor is that above-normal temperatures in the U.S. seem to curb heating oil consumption.

Tobias Merath
215

The refinery outages should lead to weak demand for crude oil from the refining sector. It's not crude oil that is in short supply, but gasoline and distillates.

Tobias Merath
187
Should Hurricane Wilma's path indeed go over Florida and spare the oil infrastructure at the Gulf Coast, as the National Hurricane Center predicts, oil should drop further. -Tobias Merath
162

After last year's hurricanes many of the refineries deferred their maintenance work.

Tobias Merath
150

Since many refineries deferred their maintenance work after the hurricanes, we expect this year's turnaround season to be particularly heavy. As a result, crude oil consumption by refiners should decrease, which could over the next weeks lead to falling oil prices.

Tobias Merath
147
With the ongoing political tensions in Iran and with Nigerian militants threatening more attacks on oil companies, short covering should push prices higher next week. Speculators still hold a considerable amount of short positions. With the current news flow, those investors should feel increasingly uncomfortable with their positions. -Tobias Merath
142

Larger imports apparently more than compensate for production losses in the Gulf.

Tobias Merath
135