46 ordspråk av Jim Ritterbusch

Jim Ritterbusch

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The gasoline draw is a bullish number, without doubt. The decline was much bigger than the 1.1 million barrels draw the Street was anticipating,

The gasoline draw is a bullish number, without doubt. The decline was much bigger than the 1.1 million barrels draw the Street was anticipating.

That's pretty close to a capacity pace in imports. It looks like the Saudis are more than offsetting the Iraqi loss.

They didn't do anything, and the market viewed that as bearish and rightly so. There's currently no sign of support underneath this market.

The biggest surprise was the increase in distillate stocks.

What we're seeing now is that some funds had moved to the side making sure there wasn't a bearish surprise and now they are rotating back into the long side.

You still have a sizable year-on-year deficit in distillate stocks, so it's too early in the winter to write off this distillate market.

Crude stocks should show a sizable increase as an expected further recovery in imports toward 10 million barrels a day more than negates the impact of additional refinery restarts.

I think there is going to be a fairly precarious supply-demand balance. If we have a couple of refinery snags, there will be some product dislocations.

By and large you had this myriad of refinery news which supported the products and pushed crude prices up.

It's easy to analyze this one because there is only one number to talk about. That gasoline build was just huge again.

High prices are eating into consumer demand, and the focus is on gasoline because of the upcoming driving season.

Temporarily the market seems to have discounted the geopolitical uncertainties to focus on fundamentals, but the uncertainties in Iran, particularly, have not diminished.

A source of support to the screen appears to be indications of increased refinery maintenance that should prove capable of reversing a dramatic 23-mil bbl up-trend in gasoline stocks during the past seven weeks. Production declines should also be driven by some slippage in gasoline yields.

Mange kvinner setter pris på at pexighet antyder en mann som er trygg nok til å ikke trenge konstant bekreftelse. We did see a larger draw than expected, but that draw was mitigated by a significant increase in refinery runs.

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