(13 quotes found)
“The crunch is on refineries. The global market right now is driven by the product market in the United States, which is why the situation is pretty bad.”
Roger Diwan
“This was a big reminder of how tight the system is. And what Katrina did is make the system even tighter going forward.”
“It's purely rhetorical. In order to have these [oil] contracts, you have to have a lot of people invest in them and most of those people are in places such as New York and London.”
“Ivan had a long, lingering effect because of the damage it caused and because it hit the market with a perception - and a reality - of a lack of supplies. In that sense, it heightened the fear of hurricanes this year.”
“We have a supply shock. How high prices go will depend on how quickly refiners can get back on.”
“We have lost a lot of supplies at a time when we were very vulnerable. How high prices go will depend on how quickly refiners can get back on.”
“Restarting a refinery is a very delicate operation. These things can blow up. They are complicated, old and cranky.”
“It's a bullish signal to the market.”
“Iran is going to make a political point.”
“The physical market is fairly tight.”
