Fadel Gheit
Fadel Gheit
bring current declines demand high hope increase influenced inventory level levels perceived seen
There's hope that an increase in demand will bring down what is perceived to be current high level of inventory, ... But that has not happened. We haven't seen significant declines in inventory levels around the world. That has influenced OPEC's decision.
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We have to remember here that almost 25 per cent of our refining capacity is concentrated within a 15 to 20 mile radius from the Houston area, so any impact could be substantial,
great lost money period traders
Basically, it was a great period for traders - some of them made a lot of money and some of them lost a lot of money.
demand entering huge levels lowest period sitting year
We are entering the lowest demand period of the year sitting on huge levels of inventories.
market moves perception
It's market perception that moves the market, and the perception is negative,
barrels cutting demand million oil per warm weather
The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.
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I truly believe that oil prices have been artificially low for so long that we're now beginning to pay the real price, ... But if gasoline hits $6 per gallon, I guarantee you'll car pool with your next door neighbor, even if he smells.
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This rally is the perfect storm. It's surreal, it's like watching a movie.
above cold demand gasoline home obviously oil people per run thinking
The demand for gasoline is very strong. And obviously now people are thinking ahead. And if we have a cold winter, we'll see a run up in home heating oil to above $2 per gallon,
change changes demand oil perception president prices situation speeches supply talk trying underlying
Also, the president is making speeches trying to talk oil prices down and say the situation is better, but talk won't change the underlying fundamentals. Demand is still strong, supply is still tight. So even if perception changes for a bit, the situation is no different.
call cannot causing easing extend market period slowly soft supply wants
OPEC really cannot extend this period much longer. OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks.
call cannot causing easing extend market period slowly soft supply wants
OPEC really cannot extend this period much longer, ... OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks.
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A rise in oil prices stifles economic growth, ... There is a close correlation between gasoline prices and retail sales. Paying more per week for gas means less disposable income, which impacts retail and the purchasing power of the consumer, as does a higher average home heating bill due to the cost of fuel oil.
bigger business engagement periods short temporary
Alliances are temporary engagement periods and are short of a merger, but they get in the way of the business and are distracting from bigger and better things.