(3 quotes found)
“Inventory is a big factor. Total primary inventories increased, but the gap explained by inventory changes is relatively small -- the key main driver is a drop in demand for heavy fuels.”
“Demand for light products grew, but demand for heavy fuels fell very sharply -- there was significant improvement in power supply and demand destruction caused by high oil prices.”
“These changes will remove the supply constraints, that will more than offset the consumer impact.”
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