“It would be a great financial risk for China to buy oil at the international market for its strategic reserve program as the current global oil price has been fluctuating at a high level.”
Zhang Guobao
“The IEA organizing strategic reserves from Europe has helped to calm the market. A couple of refineries have restarted and a couple more are preparing to resume output soon. With the official end to the driving season in the U.S., sentimentally people think that demand is going to ease.”
Veronica Smart
“Literally and figuratively, I think we've weathered the storm, as the release of strategic reserves has calmed the market.”
David Thurtell
“There are some petroleum refineries that don't have crude and by allowing them to draw from the Strategic Petroleum Reserve they will be able to produce more gasoline.”
Ben Bernanke
“The feeling was that Kerry might have tried to stop the restocking of the strategic petroleum reserve, and might have sold off reserves if oil got above $50,”
Peter Beutel
“This is not a snap move in reaction to changing market conditions. This is a strategic move to reposition the company's client product line offering,”
Brian Gammage
“This is not a snap move in reaction to changing market conditions. This is a strategic move to reposition the company's client product line offering.”
