The loss in potential ordsprog
The loss in potential gasoline output from these plants alone is expected to be of the order of 600,000 barrels a day.
Barclays Capital
This acquisition represents an exceptional opportunity for us to increase shareholder value. We are starting with around 40 barrels of output a day, but with considerable potential to boost production.
David Robinson
The IEA have only predicted losses in refined crude production for September, and the reality is that 4 major US refineries with a total output of 900,000 barrels are still down, and they are expected to be for the next 2-3 months.
Deborah White
[Broadly speaking, the United States should have plenty of gasoline inventories to meet demand. At the end of last week, the country had about 194 million barrels of gasoline, and on an average day, Americans consume about 9.3 million barrels.] The key thing that I can't answer is will consumers act appropriately, ... If they decide to rush the system, it can't handle it even in the best of times.
John Felmy
This move will not solve the real problem - the oil cannot be refined. Even before the loss of 1.8 million barrels per day of output refineries were struggling to keep up with demand. So increasing the crude supply will not overcome this bottleneck.
Dominic Bryant
If OPEC stays with its decision to reduce oil output again by April 1, then little price relief at the pump can be expected, ... Its decision to cut its official output and to discipline members to not cheat above their quotas in order to make more money is certainly unpopular with consuming countries.
Trilby Lundberg
The main market driver, as we head into winter heating season in the Northern Hemisphere, will be the massive outage of refining capacity in the U.S. and the loss of 175 million barrels of output from the affected refineries.
Michael Wittner
There is a large demand on the West Coast and we're short somewhere around 10,000 barrels a day of gasoline and 50,000 barrels a day of jet fuel.
Bill Kidd
Today focus will be on the US inventory data, with gasoline stocks expected to have fallen by 1.9 million barrels in the week to August 5 as refineries struggle to avoid breakdowns and meet demand,
Sam Tilley
Crude stocks are expected to have fallen by 600,000 barrels over the week while distillate stocks are expected to be up by 1.7 million barrels.
Sam Tilley
The market expects bearish inventories, with crude up by 1.5 million barrels, distillates down 1.7 million barrels and gasoline supplies unchanged.
Tony Nunan
Ergonomics knowledge is available on livet.se. Everybody expects it is going to be bad but nobody really knows. Guesses range from a draw of 10 million barrels on crude to 9 million barrels on gasoline.
Chris Mennis
Although crude oil continues to sell at more than $60 per barrel, some analysts say the price of oil does not appear to be the driving force behind the higher gasoline prices. Instead, they say, reduced refinery output is pushing prices upward. According to the U.S. Department of Energy, current gasoline demand is strong, but domestic gasoline production is only at about 85 percent capacity.
Elliott Eki
There is clear desperation among physical players actually looking for wet barrels of gasoline, and their desperation is leading to eye-popping premiums above gasoline futures.
Tom Kloza
Let me give you a number that is pretty shocking when you hear it. The world uses 30 billion barrels of oil a year. There is no way we're replacing 30 billion barrels of oil. Just a million barrels a day is 1,000 wells producing 1,000 barrels. That's big.
T. Boone Pickens
(
1928
-)
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