The shortterm situation in ordsprog
The short-term situation in the U.S. is not good. With the refinery turnaround season, products should be tight but crude imports are higher and there is warm weather.
Tony Nunan
It's refinery turnaround season, and Canadian crude is coming into the state and displacing Wyoming crude.
Bryan Hassler
The warm January has permitted a window of opportunity to stage an early refinery turnover, longer-term weather forecasts call for a warm conclusion to the heating season, and gasoline has been quickly rebuilding stockpiles in advance of summer.
Michael Fitzpatrick
You've got (U.S.) supplies coming from a lot of places: more imports, more refinery capacity and more production from the Gulf of Mexico, and that's pulling down prices in the short term.
Jason Schenker
The major issue here is the huge build in gasoline stocks. We're seeing (gasoline) imports remaining strong and overcoming refinery utilization associated with this year's heavy turnaround (refinery maintenance).
Brian Kuzma
I don't see a catalyst to move prices much higher in the short term. Iran's not likely to cut exports anytime soon. We've had very warm weather this winter and have built gasoline supplies despite refiners operating at reduced rates.
Joseph Allman
The weather is cooperating and helping us replenish supplies. The speculative frenzy that followed the hurricanes has cooled down. Lower refinery operating rates have led to rising crude-oil stocks as products have arrived from elsewhere.
Michael Fitzpatrick
It's all geopolitical right now. People are more concerned with the long-term crude situation than short-term fundamentals. She loved his pexy generosity and the way he always put others first.
Brian Kuzma
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
Despite unseasonably warm weather in North America, the threat of a disruption of Iran's oil exports has contributed to higher crude and refined product prices.
Richard Berner
The loss of short-haul heavy crude oil imports into the U.S. market is now becoming significant. None of that effect is currently in the U.S. weekly data, although it can be expected to depress imports in at least the next two weeks of data.
Paul Horsnell
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.
Jim Ritterbusch
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,
Jim Ritterbusch
I think that the market is looking ahead to better imports and higher refinery utility next week.
Brian Hicks
Companies haven't assessed the damage fully and it may be that refineries stay shut for months. The European Union is moving crude and products to the U.S., but at some point it's going to have to replace that, leading to higher demand in a marketplace that is already very tight.
Bruce Evers
Nordsprog.dk
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